As coconut palms are mostly grown in coastal areas the chances of damage to coconut and palm cultivation through natural calamities and pest attack are high. To minimize the losses occurred to farmers practicing Coconut Palm cultivation and insurance scheme is devised by the government. State-level monitoring committee is responsible to review the progress of this scheme. The Ministry of Agriculture reviews this scheme annually along with the coconut development board.
- The crop insurance scheme is initiated by the government of India and is implemented through insurance companies authorized by the Department of Agriculture and Cooperation (DAC).
- Coconut development board has the responsibility to carry out the insurance of coconut cultivation in every village of the districts.
- The subsidy premium is estimated at the beginning of a financial year to strengthen the workers cultivating Coconut Palm in notified areas.
- 50% subsidy will be given by the coconut development board and 25% by the state government. The remaining 25% amount is to be incurred by the farmer.
- The premium subsidy will be replenished on a quarterly or yearly basis.
- The insurance policy period is a maximum of 3 years for which premium is at the rate of 12.5%.
- Farmers can enrol in this scheme at any time of the year.
- To obtain the subsidy, loss assessment certification must be obtained by the coconut development board or any state Agriculture University within 15 days of reporting.
Role of the central government-
It is responsible for issuing necessary guidelines for the implementation of the scheme. It also undertakes the evaluation of CBD and state government organisations.
Role of State government-
It carries out state-level monitoring of the scheme in the notified areas. And also assists various implementing agencies to issue necessary loss certificates so that claims can be settled.
Role of Coconut Development Board (CBD)-
The coconut development board assesses the damage occurred to Palm cultivation and provides necessary inputs and support. It is also responsible for creating awareness and publicity of the scheme by organizing workshops and other means.
Role of Insurance Companies-
It is the implementation agency of the Coconut Palm Insurance scheme. Claim processing and payment is the responsibility of the insurance company. It also coordinates with other agencies to create awareness.
- All the farmers growing coconut in various states of the country are eligible to participate in this scheme.
- Individual farmers that have at least 5 palm plants under their cultivation are eligible for this scheme.
- Farmers cultivating Coconut Palms as monocrop, intercrop or on the bunds are also eligible.
- Dwarf and hybrid Coconut palms of age 4 to 60 years and tall Coconut palms of age 7 to 60 years are eligible for this scheme.
Benefits of CPIS scheme
- The scheme covers for total loss of palm caused due to natural calamities such as storm, typhoon, heavy rains, flood etc.
- Losses due to pest and diseases and large scale damages are covered under this scheme.
- Incidents of fire including accidental fire, forest fire, lighting and damage due to earthquake, landslide and drought are also insured by this scheme.
- In case the palm is declared as unproductive and the farmer wishes to keep it in the field, then 50% of the insured sum is deducted from the claim.
- A sum of rupees 900 per plant will be given for plants of age 4-15. Whereas for plants of 16 to 60 years of age rupees 1750 will be given.
Exceptions for which scheme is not applicable
- The scheme is not applicable if the loss of palm is due to theft, war, conspiracy or damage by any public or local authority.
- Damage due to any foreign object from the sky or by humans, birds or animals is not insured.
- If palms are unhealthy due to improper care and maintenance then such plants are not covered under this scheme.
How to apply-
Farmers who want to avail coconut palm Insurance scheme can register themselves on the official website- www.coconutboard.gov.in
Details such as name, address, mobile number etc in the form must be filled to complete the registration process.