No interest rate has been fixed for Cattle Insurance. The premium rates of Cattle Insurance has been fixed by the Government, primarily based on the stakeholder consultation with the Insurance companies operating in Government Sector involved in Livestock Insurance and the State Governments. The past claim experience is the major criteria that has been taken into consideration.

The Livestock Insurance scheme has got good acceptability across India. Feedback reports from various States indicate that premium rates are affordable to the farmers belonging to different categories.

The Government has not digitized the overall Cattle Insurance procedures because of the reason that the central share is released to the State Governments depending on their demand and availability of funds. After providing matching shares by the States, they are utilizing the total amount for livestock insurance for the desired number of cattle. The details of animals being insured are updated in the INAPH portal.

This information was given by Union Minister for Fisheries, Animal Husbandry & Dairying, Shri Parshottam Rupala in a written reply in Rajya Sabha today.

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MV/MG