Govt. Launches Insurance Scheme to Protect Commercial Pig Farmers 📈

The Agricultural and Agrarian Insurance Board, in collaboration with the Dept. of Animal Production and Health, has introduced a specialized insurance scheme to stabilize the livestock sector and mitigate financial risks for commercial farmers. • Coverage Details: The policy specifically covers breeding pigs on registered commercial farms against death caused by accidents or diseases. • Eligibility: Coverage is restricted to breeding animals aged between 6 months and 4.5 years. • Financial Limits: Farmers can claim based on the declared value of the animal, with a maximum payout of Rs. 200,000 per breeding pig, or based on production/replacement costs. • Compliance: To qualify for claims, farms must strictly adhere to biosecurity guidelines and disease control standards set by the Department of Animal Production and Health. • Economic Impact: This initiative aims to safeguard the commercial pig industry—a key component of the agriculture & livestock sector—by encouraging better farm management and ensuring financial sustainability against unexpected losses.