J&K Poultry Insurance Reimbursement

The J&K Poultry Policy 2020 covers the insurance premium payable on a poultry unit's fixed assets.

New units that qualify, along with existing units undertaking substantial expansion beyond 10,000 birds anywhere in J&K, are reimbursed the full premium paid to insure buildings and plant and machinery. Reimbursement is available for up to 5 years, counted from the date commercial production and operations begin.

Because lenders insist on asset insurance for a financed poultry farm, the effect is to lift a compulsory operating cost for five years. The cover being reimbursed is limited to buildings and equipment; the clause does not extend to bird stock.

1. Register the poultry unit in accordance with the J&K Poultry Policy 2020. 2. Take out insurance on the building and on plant & machinery, and pay the premium. 3. Note the date on which commercial production and operations begin. 4. Submit the reimbursement claim once a year, attaching the policy schedule and the premium payment receipts. 5. The department carries out verification and reimburses the full premium amount, for a maximum of five years.

There is no competitive selection involved. Verification is carried out by checking the claim against the insurance policy schedule and premium receipts, and by confirming that the loss falls within the five-year period beginning from the date commercial production commenced.