In a landmark initiative for the Indian dairy industry, Mysuru Milk Union Limited (Mymul) has rolled out free livestock insurance coverage for all of its 65,000 registered milk producers, making it the first such move in Karnataka. This decision aims to provide crucial financial protection for dairy farmers against livestock loss due to accidents, diseases, or surgeries.
Previously, Mymul shared the cost of the insurance premium with farmers, covering 50% of the Rs 550 annual premium. However, uptake was limited, with only about 10,000 farmers enrolling. Recognizing the need for broader coverage, the union has now opted to offer the insurance at zero premium cost, with producers required to pay only a nominal Rs 50 service fee for a three-year term.
A Major Relief Amid Fodder Shortage
This move is expected to directly benefit nearly one lakh families involved in dairy farming across the Mysuru district. Given the recent dip in milk procurement to 9 lakh litres per day, largely due to summer fodder shortages, Mymul’s decision to support farmers with risk mitigation measures is seen as both timely and strategic.
Mymul Chairman N Cheluvaraju stated:
“This comprehensive livestock insurance scheme will empower our dairy farmers, offering them peace of mind and financial security. It’s a significant step towards building a resilient dairy sector.”
In addition to insurance, Mymul will also distribute subsidized farming tools, including mats and grass cutters, at 50% subsidy rates, helping farmers reduce operational costs and improve animal care.
Steady Growth in Milk Procurement
Mymul’s rapid growth highlights the cooperative’s impact on regional dairy development:
- 2017: 5.5 lakh litres/day
- 2022: 7.5 lakh litres/day
- Dec 2024: 10 lakh litres/day
- 2025 (Summer): Currently 9 lakh litres/day due to seasonal constraints
Despite the dip, Mymul continues to supply over 3 lakh litres/day to local consumers via its extensive network of outlets.
