Mymul offers livestock insurance for dairy milk producers with capacity of 65,000 liters

INDIA – Mysuru Milk Union Limited (Mymul), a dairy cooperative operating under the Karnataka Milk Federation (KMF), has for the first time offered free livestock insurance to 65,000l capacity milk producers.

In previous years, Mymul covered 50% of the annual premium payment for each cattle, while the remaining 50% was contributed by the milk producers. From the total Rs 550 (US$6.44) annual premium amount, which included additional service charges, Mymul collected Rs 275 (US$3.24) from the producers.

Since only 10,000 milk producers enrolled in the insurance scheme, Mymul has now expanded free insurance coverage to all 65,000l capacity dairy farmers, allowing them to benefit from the initiative.

The insurance plan provides financial protection against losses resulting from livestock death or disability, while also covering accidental deaths, diseases, and surgical interventions.

This initiative has provided significant relief for dairy farmers in the district, benefiting approximately one lakh families engaged in dairy farming.

In an interview with TOI, Mymul chairman N Cheluvaraju stated that farmers are only required to pay only Rs 50 (US$0.59) service charge to insure their cattle. The insurance policy remains valid for three years, with a mandatory renewal once every cycle. The livestock insurance will help safeguard farmers against the accidental death of their animals.

Additionally, Mymul Managing Director Suresh Naik announced that the milk union has decided to provide mats, grass cutters, and other essential equipment at 50% subsidised prices to milk producers.

In 2017, Mymul procured 5.5 lakh litres of milk from dairy farmers through its 1,105 primary milk producers’ cooperative societies.

The daily milk procurement reached 7.5 lakh litres by 2022. Mymul’s milk procurement doubled to 10 lakh litres by December 2024.

Currently, its daily milk procurement has reduced to 9 lakh litres due to summer which resulted to a scarcity of green fodder, catering to three lakh litres of milk to meet its daily consumers by selling through its milk outlets spread across the city and district.

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