Crops and livestock can face similar risks, but livestock is uniquely vulnerable to disease outbreaks that can inflict huge losses. Livestock diseases have a significant impact on the economies of different countries. Costs can come from both the direct expenses of culling infected animals and vaccination and the indirect costs of suspension of exports in the medium to long term.
In the times of rising inflation, animal husbandry has also become a challenge but the government is fully supporting the farmers to increase their income through animal husbandry. Now the good news is animals will also have life insurance & the insurance company will give compensation to the insured animals on any kind of animal loss.
A new cattle insurance scheme based on a digital health tracking system was rolled out jointly by Phoenix Insurance and ShurjoMukhi Ltd. The product, Shurjomukhi Pranisheba, will ensure prevent inbreeding, early detection of health disorders, monitoring of calves and continuous measurement of temperature, officials said.
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