AreaIndia

Commodity GroupOilseeds, oils and meals

CommodityCoconut

Date01/07/2013

Policy CategoryProduction

Policy InstrumentSector development assistance

DescriptionConsidered measures to increase farmer uptake of the country\'s Coconut Palm Insurance Scheme.

NotesINDIA – coconut sector support - Insurance scheme: With a view to increase farmers’ uptake of the Coconut Palm Insurance Scheme, which was launched with central and state government support in 2009 to protect growers against natural calamities (see MPPU Jan.’10), the Coconut Development Board has proposed the following policy changes: replacing single tree coverage with area or region-wise coverage to increase cost effectiveness; contract extension from 1 to 3 years; and raising the insurance amount from Rs 600 per palm toRs 2 000.