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The Coconut Palm Insurance Scheme (CPIS) is a government initiative to protect coconut palms from natural calamities, Read More... pests, and diseases, ensuring financial security for farmers. Read less

Details

Coconut farming is a significant part of India's agriculture, but growers often face losses due to unforeseen events. To address this, the Coconut Development Board, under the Ministry of Agriculture and Farmers Welfare, has launched the Coconut Palm Insurance Scheme (CPIS). This scheme acts as a safety net, insuring your valuable coconut palms against a range of risks.

What Is This Scheme?

The Coconut Palm Insurance Scheme (CPIS) is designed to safeguard coconut growers from financial setbacks. It covers healthy, fruit-bearing coconut palms against threats like natural disasters, extreme weather conditions, pests, and diseases that could lead to the death or unproductiveness of the palms. This insurance helps ensure that farmers can continue their livelihood and recover from losses.

Who Can Benefit From This Scheme?

The scheme is for individual coconut farmers and growers who have healthy, nut-bearing palms. The palms must be within a specific age range to be eligible. Whether your palms are grown alone or mixed with other crops, on farm bunds, or homesteads, they can be insured.

Why This Scheme Is Important

CPIS plays a crucial role in stabilizing the income of coconut farmers. By insuring their palms, farmers can avoid devastating financial losses following events like cyclones, floods, or severe pest attacks. This security encourages them to maintain and expand their plantations, promoting the overall growth and sustainability of coconut farming in India.

Objective

The Coconut Palm Insurance Scheme (CPIS) is a government initiative to protect coconut palms from natural calamities, pests, and diseases, ensuring financial security for farmers.

Benefits

Tenure and SlotsTenure: 2 years; Slots: 132Financial AssistanceThe quantum of support under the scheme is₹ 10,00,000. The grant can be utilized for purchasing items like minor equipment, consumables, contingencies, fieldwork, travel, etc. The items/equipment purchased from this grant shall be the property of the University.Note 1:The grant cannot be used for international travel, purchasing furniture items or forappointing a project assistant or research fellow.Note 2:The quantum of funds under these heads can be decided by the recipient depending onhis / her needs.

Sources and references

Guidelines

Who Can Apply for the Scheme?

Individual farmers or growers who have at least 5 healthy, nut-bearing coconut palms.
Age Criteria for Palms:

For Dwarf, Hybrid, and all other varieties (except Tall): 4 years to 60 years.
For Tall variety: 7 years to 60 years.

Palms should be in a contiguous area or plot.
Only healthy palms are eligible for insurance. Unhealthy and old palms will not be covered.
The insurance is for individual palms and not on an area basis.
Partial insurance of a plantation is not allowed; all eligible palms in a contiguous area must be insured.

How to Apply for the Coconut Palm Insurance Scheme

Farmers interested in insuring their palms should submit the required documents and the proposal form.
The premium amount can be paid through cash, cheque, or Demand Draft (DD) favouring the Insurance Company.
Farmers can directly contact representatives or authorized agents of the Insurance Company for application.
Alternatively, you can approach the nearest office of your State's Agriculture or Horticulture Department for assistance.
The Coconut Development Board (CDB) and implementing State Governments work with the Agriculture Insurance Company to facilitate the application process.

Note: Efforts are made to get all bearing and healthy palms insured in cluster villages of districts.

Documents Needed to Apply

Completed proposal form.
Proof of identity for the farmer.
Proof of land record or a certificate from the revenue authorities, Agriculture Department, CDB, or Horticulture Department, as per state practice.
A declaration from the farmer confirming that only healthy palms are being insured.
A rough sketch of the plantation showing the land identification number, the number of palms in each plot, and preferably numbered palms.
Bank account details of the farmer.
Other documents as may be specified by the Coconut Development Board.

FAQ’s

What is the Coconut Palm Insurance Scheme (CPIS)?

The Coconut Palm Insurance Scheme (CPIS) is an initiative by the Coconut Development Board, under the Ministry of Agriculture and Farmers Welfare, to insure coconut palms. It protects growers against losses from natural calamities, climatic risks, pests, and diseases.

What are the main goals of the CPIS?

The scheme aims to help coconut growers insure their palms against various risks, provide financial relief to farmers who lose income due to palm death, and reduce risk to encourage replanting and make coconut farming more profitable.

Who can get insurance under this scheme?

You are eligible if you are an individual farmer with at least 5 healthy, nut-bearing coconut palms. The palms must be between 4-60 years old (for Dwarf and Hybrid varieties) or 7-60 years old (for Tall varieties) and located in a contiguous area.

How is the age for insurance coverage decided for different coconut varieties?

Dwarf and Hybrid coconut palms can be insured from their 4th year of planting up to 60 years. Tall variety coconut palms are eligible for insurance from their 7th year up to 60 years.

Which states and areas are covered by the scheme?

The CPIS is implemented in selected districts across all states and Union Territories that grow coconut palms. The Coconut Development Board encourages farmers in cluster villages within these districts to insure all their healthy, bearing palms.

How is the scheme put into action?

The scheme operates through the Agriculture Insurance Company and is implemented in cooperation with the respective State Governments in all coconut-growing states.

How is the insurance premium calculated for CPIS?

The premium is shared among the Coconut Development Board (50%), the State Government (25%), and the farmer (25%). This makes the insurance more affordable for farmers.

Do farmers get any help with the insurance premium?

Yes, farmers receive significant premium subsidy. The Coconut Development Board and participating State Governments together cover 75% of the premium. This subsidy is paid to the Insurance Company based on estimates.

Is there a waiting period before the insurance coverage starts?

Yes, there is a 30-day waiting period after the insurance starts. If a palm is lost or dies within this initial period, the sum insured is not payable. This rule does not apply if you renew your policy without any gap.

What if a farmer wants to keep an unproductive palm instead of removing it?

If you choose not to remove an unproductive palm that has been damaged by an insured peril, 50% of the sum insured will be deducted from your claim. You must prove that the loss was due to an insured event.

What is the minimum number of palms required to apply for the scheme?

To be eligible for the scheme, an individual farmer must offer at least 5 healthy, nut-bearing palms for insurance.

Can I insure only a part of my coconut plantation?

No, partial insurance is not allowed under the Coconut Palm Insurance Scheme. You must insure all eligible healthy, nut-bearing palms in a contiguous area or plot.

How is the age of the palms verified for insurance?

The farmer can declare the age group of the palms in the proposal form. However, the Insurance Company can verify the age of the insured palms anytime. If the age is wrongly declared or any material fact is misrepresented, the insurance will be void.

How can a farmer apply for this insurance?

Farmers can apply by contacting the representatives or agents of the Insurance Company. You can also get in touch with the nearest Agriculture or Horticulture Department office. Premiums, after deducting the subsidy, can be paid via cash, cheque, or DD favouring the Insurance Company.