Thursday, August 5, 2021
spot_img

From Shrawan, the government would provide a 50% subsidy in agriculture and livestock insurance

EarnMoney.com.nphttps://www.earnmoney.com.np
A website that gives you news and information on making money!

recent

government-to-provide-50-percent-subsidy-in-agriculture-and-livestock-insurance-from-shrawan

Farmers will receive a 50% subsidy from the government when insuring farms and livestock from Shrawan, 2078 BS. Farmers formerly received a 75 discount agriculture and animal insurance. The government will now grant a 50% subsidy beginning Shrawan 1, 2078 BS.

Outgoing Finance Minister lowered the government’s subsidy for agriculture and animal insurance by 25% in budget address for the current year 2078/79.

When insuring livestock and agriculture, most non-life insurance firms charge a premium of 5% of the sum covered. If a farmer insures Rs 100,000 in total, the insurance premium is Rs 5,000. The government will pay half of the total insurance premium, or Rs 2,500, as a subsidy. As a result, the farmer pay Rs 2,500 of the premium amount.

Also Read  Two more die of COVID-19 in Okhaldhunga

You Also Like:

Also Read  SYM NH T200 Adventure Bike Officially Launched in Nepal


Read full story at EarnMoney.com.np

Also Read  UML has no space for traitors like Madhav Nepal: UML Chairman Oli

related posts

author

Emma Hayes

There I was in a hot yoga studio with plenty of bright natural light and bending myself into pretzel like positions for the very first time.

instagram