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In a first, milch cattle yield to be insured

Vijay C Roy

Press Reporter News Service

Chandigarh, April 23

Punjab has change into the primary state within the nation to implement a production-linked insurance coverage for indigenous milch animals on a pilot foundation. The weather-linked insurance coverage will defend the earnings of small and marginal farmers by compensating them in case of loss in milk yield, which usually occurs with the rise in temperature.

The product was just lately launched on a pilot foundation, overlaying 1,905 buffaloes in 270 villages of Bathinda, Ludhiana, and Tarn Taran districts. As soon as it’s profitable, will probably be launched throughout the state and in a while in different elements of the nation.

At Rs140 premium, Rs2,500 sum assured

  • The weather-linked insurance coverage will compensate farmers for loss in milk yield, which occurs with the rise in temperature. Lactating cattle expertise stress when temperature-humidity index (THI) is greater than 72 and extreme stress when it exceeds 88
  • A premium of Rs140 per animal is being charged from collaborating farmers. In case THI breaches its limits, an approximate quantity of Rs2,500 could also be launched to them as sum assured

“Milk manufacturing is severely affected by temperature-humidity index (THI). It decreases with the rise in temperature to the extent of 10 per cent. Additional, throughout summer season, indigenous dairy animals additionally droop their breeding exercise, affecting the milk manufacturing,” mentioned JS Gill, Director Guru Angad Dev Veterinary and Animal Sciences College (GADVASU).

Primarily based on analysis, the interval between April and September has been verified as warmth stress interval by the college. Lactating cattle expertise stress when THI is greater than 72 and extreme stress when THI exceeds 88.

A premium of Rs 140 per animal is being charged from individuals and in case THI breaches its limits an approximate quantity of Rs 2,500 could also be launched to them as sum assured. Based on 2019 livestock census, there have been 38 lakh buffaloes and 24 lakh cows have been within the state. The typical each day milk manufacturing within the state is round 340 lakh litres.

“The mission is being applied by way of a multi-departmental coordination involving GADVASU, Punjab Agricultural College, Division of Animal Husbandry, Dairy Growth Board, Punjab Power Growth Company and Punjab State Council on Science and Know-how. ICICI Lombard has been entrusted for the aim,” mentioned Dr Rajiv Siwach, CGM, NABARD, Punjab Regional Workplace.

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