Status of Livestock Insurance in India and A Complete Guide: An Evidence-Based Review

Authors

  • Amandeep Singh Veterinary Assistant Surgeon, Department of Sheep Husbandry, Government of Jammu & Kashmir, INDIA
  • Pranav Kumar Assistant Professor, Division of Veterinary & Animal Husbandry Extension Education, FVSc&AH, SKUAST-J, R.S. Pura, Jammu, Jammu & Kashmir, India
  • Harshit Kumar PhD Scholar, Division of Animal Genetics, ICAR-Indian Veterinary Research Institute, Izatnagar, Bareilly, Uttar Pradesh, INDIA
  • Avinash Neeraj Senior Veterinary Officer, Department of Animal Husbandry, Dairying and Fisheries, Port Blair, Andaman & Nicobar Islands, INDIA
  • Puspendra Kumar Singh Assistant Professor, Department of Veterinary & Animal Husbandry Extension Education, Bihar Animal Science University, Patna, Bihar, INDIA
  • Gurpreet Kour PhD Scholar, Department of Animal Genetics & Breeding, Guru Angad Dev Veterinary and Animal Sciences University, Ludhiana, Punjab, INDIA

DOI:

https://doi.org/10.5455/ijlr.20200224090417

Keywords:

Farmer, Insurance, Income, Livestock, Natural Calamity, Safety

Abstract

Thousand precautions seem worthless when accidents occur. An iota of risk can lead to accidents which may be disastrous for an individual farmer. Majority of the rural farmers have single livestock unit or may be two. Any uneven situation or natural calamity whether disease outbreak, accidental fire, earthquake, cyclones, floods, etc. may lead to loss of animal life, ultimately distressing the poor farmer whose sole source of income perishes. To manage these inadvertent situations and safeguard their livelihood, it becomes mandatory for the livestock farmers to ensure the safety of their livestock by insuring them. Livestock sector plays an eminent role in Indias economy and also in the welfare of the rural population. Not only it provide the farmers with nutritional and livelihood security but can also be sold for earning money when there is need. Thus keeping in mind the sustainability of livestock, it is imperative to urge farmers for livestock insurance.

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Published

31-05-2020

How to Cite

Singh, A., Kumar, P., Kumar, H., Neeraj, A., Singh, P. K., & Kour, G. (2020). Status of Livestock Insurance in India and A Complete Guide: An Evidence-Based Review. International Journal of Livestock Research, 10(5), 8–19. https://doi.org/10.5455/ijlr.20200224090417

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