India: More Than 34,000 Farmers Benefit Coconut Palm Insurance Scheme- Ministry Of Agriculture

India Info Line (August 3, 2011) | A pilot Coconut Palm Insurance Scheme (CPIS) was introduced in 2009-10 for the benefit of coconut growers in major coconut growing States. Coconut plants of the age from 4th year to 60th year are covered. Insurance coverage is provided for total loss/death/becoming useless of the plant. Fifty percent subsidy in premium is provided by Government of India and twenty five percent by the concerned State Government. Pilot is continued during current financial year 2011-12.