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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


Team Careers360 12th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

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

 

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