Mukhyamantri Kamdhenu Yojana: Go-Sampad Bima Yojana

The scheme "Go-Sampad Bima Yojana (GBY)" was launched by the Directorate of Animal Husbandry & Veterinary Services, Odisha, under Mukhyamantri Kamdhenu Yojana. It aims to enhance the financial security of livestock farmers through the implementation of a comprehensive insurance scheme that safeguards against the loss of milch animals due to death. Through this scheme, beneficiaries can avail insurance coverage for milch cows and she-buffaloes for 1 year, 2 years, or 3 years with Government premium subsidy support. The scheme is implemented by the Director, Animal Husbandry & Veterinary Services, Odisha, Cuttack, through Odisha Livestock Resources Development Society (OLRDS) and field functionaries in coordination with empanelled insurance intermediaries engaged by the Insurance Company. The death of cattle due to disease, accidents, or natural calamities is covered under the scheme. The benefit of the subsidy is restricted to a maximum of 5 animals per household, though additional animals may be insured without subsidy by paying the full premium.

Objectives

• To enhance the financial security of livestock farmers through the implementation of a comprehensive insurance scheme that safeguards against the loss of milch animals due to death.

Insurance Coverage

1. Insurance coverage is provided against the death of milch cows and he-buffaloes due to:

- Disease
- Accidents
- Natural calamities

1. Coverage period: 1 year / 2 years / 3 years as opted by the beneficiary.

Premium Subsidy

1. Governments Share: 85% of the insurance premium
2. Farmers Share: 15% of the insurance premium
3. Subsidy is restricted to a maximum of 5 animals per household.
4. Premium Rate:

Policy Period****Premium Rate1 Year2.65%2 Years4.505%3 Years6.36%> Valuation of Milch Animals

1. The maximum value of a cow having milk yield of 10 litres or more per day will be ₹90,000/- for those procured under the sub-scheme Gopalan Yojana of Mukhyamantri Kamdhenu Yojana (MKY) and Mukhyamantri Krushi Udyoag Yojana (MKUY). 1. The value of non-scheme animals will be calculated as per NABARD norms (i.e., ₹6,500/- litre of milk produced for crossbred animals and ₹9,000/- litre of milk produced by indigenous animals) and assessment of the animal's body condition by local AVAS/ VAS/ BVO. 1. The maximum value of a she-buffalo having milk yield of 8 litres or more per day will be ₹90,000/- for those procured under the sub-scheme Buffalo Entrepreneurship Development of MKY, and she buffaloes procured under MKUY. 1. The value of non-scheme buffaloes will be estimated as per the assessment of the animal's body condition and will be finalised by local AVAS/ VAS/BVO.

Mode of Disbursement:

1. 85% premium paid by OLRDS to the Insurance Company.
2. Claim amount transferred directly to the farmer’s bank account upon approval.

Frequency of Disbursement:

1. Premium paid once per policy.
2. Claim settled upon an admissible death claim.

Expected Time of Disbursement:

1. Policy bond issued within 3 days of receipt of proposal.
2. Claim settled within 15 days of receipt of complete documents.
3. Delay beyond 15 days attracts 12% compound interest per annum payable by the Insurance Company.

1. The applicant must be a resident/domicile of Odisha.
2. The applicant should be a dairy farmer having milch animals (indigenous, exotic, graded & crossbred cows and she-buffaloes).
3. The applicant must be willing to insure milch cattle for 1/2/3 years as per choice. However, animals procured under the Buffalo Entrepreneurship Development Scheme (BEDS) and Gopalan Yojana (GPY) must be insured for 3 years.
4. Preference shall be given to those who have not availed of the scheme earlier.

Note:

1. The age of the animals to be insured under the Gosampad Bima Yojana (GBY) is as follows:

• Milch Cows (Indigenous/Crossbred/Exotic/Graded): Eligible from 2 years to 8 years.
• Milch Buffaloes: Eligible from 3 years to 8 years

Offline

Insurance Enrollment & Policy Issuance

Step 1: Willing farmers are identified by LI/VT/VAS/Insurance Intermediary through awareness campaigns. The intermediary arranges a meeting within a fortnight with the farmer and AVAS/VAS/BVO to initiate insurance.
Step 2: Tagging (if required, using NDDB 12-digit ear tag), health certification, valuation, registration on Bharat Pashudhan Portal, and 360-degree / 4-sided geo-tagged photographs (or coloured photographs in remote areas) are completed. Existing NDDB tags are not replaced.
Step 3: Required documents are collected: Health Certificate with ear tag number, Aadhaar or Government ID proof, first page of bank passbook with IFSC, and geo-tagged photographs. Tagging, certification, and valuation must be completed before premium collection.
Step 4: Farmer pays 15% premium share (cash/UPI/bank transfer); 85% Government share is paid by OLRDS. The intermediary transfers the premium electronically to the Insurance Company. Coverage becomes effective immediately upon receipt of the farmer's share. SMS confirmation is sent.
Step 5: The insurance company issues a policy bond within 3 days of receipt of the proposal through CDVO/Intermediary and communicates it to the farmer (soft or hard copy). SMS is sent once the policy is generated.

Claim Intimation & Settlement (In Case of Death)

Step 6: In case of death, the farmer must intimate LI/Insurance Company/Intermediary within 24 hours (maximum 3 working days). For a natural calamity or a missing animal, intimation must be within one week. Post-mortem by AVAS/VAS/BVO must be completed within 72 hours of first intimation. If the carcass is unavailable, the SRC report is accepted.
Step 7: Claim documents to be submitted include: claim intimation, filled claim form, policy document, post-mortem report with ear tag (or SRC report), two geo-tagged photographs of deceased animal (or coloured photographs in remote areas), bank passbook copy, identification proof certified by a veterinary doctor, and death entry in BVO diary.
Step 8: The insurance company processes the claim within 3 days and settles it within 15 days of receipt of complete documents. Approved compensation is transferred directly to the farmer’s bank account. Delay beyond 15 days attracts 12% compound interest per annum. Rejection must be intimated via SMS with reasons. Delayed intimation beyond a fortnight may result in “No Claim” or payment up to 75% at the insurer’s discretion. Loss of policy, sale of animal, or missing ear tag must be updated within 48 hours as per the prescribed procedure.

Documents Required for Insurance Initiation

1. Health Certificate of Animal issued by AVAS/VAS/BVO.
2. Ear Tag Number mentioned in the Health Certificate.
3. Copy of Aadhaar Card or Any Government-Issued ID Proof.
4. Copy of First Page of Bank Passbook showing Account Number and IFSC Code.
5. 360-Degree / 4-Sided Geo-Tagged Photographs of the Animal clearly displaying the ear tag (or coloured photographs in remote areas).

Documents Required for Claim Settlement (In Case of Cattle Death)

1. The beneficiary (through intermediary) must ensure submission of:
2. Claim Intimation to Insurance Company.
3. Filled Claim Form.
4. Insurance Policy Document (Policy Bond).
5. Post-Mortem Report issued by AVAS/VAS/BVO along with the Ear Tag.
6. Two Geo-Tagged Photographs of Deceased Animal clearly displaying ear tag (or coloured photographs in remote areas).
7. Copy of First Page of Bank Passbook showing Account Number and IFSC Code.
8. Identification Proof of Livestock Owner (Aadhaar/Voter ID/PAN) certified by a veterinary doctor.
9. Documentation of the animal’s Death Registered in the BVO Office Diary.
10. Where the carcass is not available: SRC Report from the District Administration shall be considered as proof of death.