Kathmandu, June 27: The Ministry of Livestock Development has increased the amount of livestock insurance to be effective from the coming fiscal year.
The Ministry which had allocated Rs 180 million for the current fiscal year has augmented it to Rs 250 million after learning that the farmers grew attracted towards livestock farming, informed Ministry Spokesperson Shyam Prasad Poudel.
According to Spokesperson Poudel, the concept of livestock insurance was introduced in 2068 in order to reduce farmers’ risk in animal husbandry.
As the common citizens and the farmers’ awareness raised alarmingly for safe farming, the insurance scheme became popular in short time. RSS
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