Coconut Palm Insurance Scheme | India Gov Schemes

Key facts

Benefit	Insurance coverage for coconut palms against various perils.
Who	Farmers aged 4 to 60 years.
Implemented by	Coconut Development Board, Ministry of Agriculture and Farmers Welfare.
Official portal	coconutboard.gov.in
Application window	Open all year for eligible farmers.

Benefits

Beneficiaries receive insurance coverage for their coconut palms against natural calamities and other specified risks. The scheme also offers premium subsidies to reduce the financial burden on farmers.

Who can apply

Age 4–60
For: farmer
not income tax payer
no government employee in family
poor household

Farmers aged between 4 to 60 years who do not pay income tax and have no government employees in their family can apply. The scheme is aimed at poor households, and unhealthy or senile palms are not eligible for coverage.

How to apply

Farmers can apply for the Coconut Palm Insurance Scheme through the Coconut Development Board or the relevant state government authorities.

Visit the Coconut Development Board's official website.
Obtain the proposal form for the Coconut Palm Insurance Scheme.
Fill out the proposal form and gather required documents.
Submit the completed proposal form along with the premium amount and necessary documents.
Provide a declaration that only healthy palms are insured.
Include a rough sketch of the plantation with identification details.
Ensure to provide bank account details for claim processing.

Apply on the official website ↗

Documents required

Identity proof of farmer
Proposal forms along with premium amount
Proof of land record / Plantation or a certificate issued by revenue authorities
Declaration by a farmer that only healthy palms are insured
A rough sketch of the plantation with land identification number and number of palms
Bank account details

Frequently asked questions

What types of palms are eligible for insurance under this scheme?

Only healthy, nut-bearing coconut palms aged between 4 to 60 years are eligible for coverage.

What documents are required to apply for the scheme?

Applicants need to provide identity proof, land records, a declaration of healthy palms, a plantation sketch, and bank account details.

Are there any exclusions in the coverage?

Yes, the scheme does not cover losses due to theft, war, negligence, or damage from improper maintenance.

How is the premium for the insurance calculated?

The premium varies based on the age of the palms, with the Coconut Development Board covering 50% of the premium.

What happens if a farmer misses the application deadline?

Farmers can still join the scheme after the deadline, but coverage will begin from the first day of the following month.

How long is the insurance policy valid?

The policy can be issued for a maximum of three years, with premium rebates available for longer terms.

Always confirm the latest details on the official portal before applying.