Insurance Scheme for Livestock Rolled Out in Tripura

By Our Correspondent

Agartala, July 26, 2025

The Tripura government has launched a new livestock insurance scheme under the National Livestock Mission aimed at protecting rural livestock rearers from financial loss due to the sudden death of domesticated animals. The initiative, titled “Complete Animal Wealth Shield,” is expected to provide crucial support to farmers whose livelihood depends on cattle, goats, sheep, and pigs.

Animal Resource Development Minister Sudhangshu Das highlighted that livestock rearing plays a vital role in the rural economy but has long been overlooked. “This scheme is a step forward in empowering our livestock farmers. It ensures full compensation in the event of animal loss, unlike the existing cap of Rs 20,000,” he said.

Under the scheme, beneficiaries will contribute just 15 percent of the insurance premium, with the central and state governments covering 70 percent and 15 percent, respectively. The premium rate varies with the policy term—3.39% for one year, 6.6% for two years, and 8.3% for three years.

A family can insure up to 10 livestock units. For the purpose of calculation, one cow or buffalo equals one unit, while ten goats or sheep or five pigs are considered as one unit.

The insured value is calculated based on milk output or market value—Rs 3,000 per litre of milk for cows and Rs 4,000 per litre for buffaloes, or as assessed by a government veterinarian.

Insurance coverage applies in case of accidental or disease-related death, though claims for non-accidental deaths are only valid if the death occurs 21 days after enrolment.

Each policy is tagged with a Unique Identification Number: IROAN126RP0002V01202223.

more news...