Agricultural insurance scheme for Goats in Sri Lanka
The Agriculture and Agrarian Insurance Board has commenced providing new insurance coverage for goats alongside a number of activities related to the agricultural sector in Sri Lanka.
Chairman of the Board M. M. B. Weerasekera informed the Minister of Agriculture Mahinda Amaraweera in this regard last week (30) while briefing about the future activities of the Agricultural Insurance Board.
According to the Sunday Observer, the government has made arrangements to provide insurance for goats provided under the program of granting 70,000 goats in the next five years.
The government has allocated Rs. 150 million this year for the program of providing goats free of charge, while an insurance scheme is to be introduced to grant insurance for the distributed goats.
Measures have been taken to insure goats which generally cost around Rs. 100,000 with an annual insurance contribution of Rs. 400 to provide maximum compensation in case of theft or sudden death of the goats.
The Chairman of the Agriculture and Rural Insurance Board further stated that the insurance scheme for goats has been introduced alongside the free insurance provided to the farmers for six types of crops.
