Constraints Faced by the Dairy Farmers and Agencies Involved in Livestock Insurance in Haryana, India

Livestock insurance scheme has been formulated with the twin objectives of providing protection mechanism to the small, marginal and landless farmers against any eventual loss of their animals due to accident or natural death and to attain qualitative improvement in livestock and their products. Despite this, farmers and agencies faced various constraints in involved livestock insurance. From the analysis, it can be concluded that farmers opted for livestock insurance considered major constraints as animals not insured at actual market price and lengthy procedures in completing the formalities to file the claim. The insurance companies considered lack of information about willing farmers and untimely submission of documents for claims as the most important constraint in doing the insurance.