Question : The Livestock Insurance Scheme provides insurance coverage for:
Option 1: Cattle and buffaloes
Option 2: Poultry birds
Option 3: Sheep and goats
Option 4: All of the above
Correct Answer: All of the above
Solution : The correct answer is (d) All of the above
The Livestock Insurance Scheme was launched in 2001 by the Government of India to provide financial assistance to farmers in case of death or loss of livestock due to natural calamities, diseases, or accidents. The scheme covers cattle, buffaloes, poultry birds, sheep, and goats. The premium for the insurance is subsidized by the government, and the farmers can avail of a maximum of two animals per policy. The scheme is implemented in all states of India except Goa.
Here are some of the benefits of the Livestock Insurance Scheme:
Provides financial assistance to farmers in case of loss of livestock
Helps to reduce the risk of farmers losing their livelihood due to livestock deaths
Encourages farmers to adopt modern livestock management practices
Promotes the development of the livestock sector in India
