Thrissur, Dec 6 (PTI) Union Government has launched a
new farm insurance scheme for coconut farmers, under which it
would bear 50 per cent of the premium, Agriculture Minister
Sharad Pawar said here today.
The state government and beneficiary farmers would
equally share the remaining 50 per cent premium amount, he
said.
If the state government did not agree to pay their 25
per cent share, the insurance premium would be paid between
the Coconut Development Board and the beneficiary on 50:50
basis.
Pawar was speaking after inaugurating the Rs 2260.86
crore pilot project for replanting and rejuvenation of coconut
palms in Kerala’s three districts of Thiruvananthapuram,
Kollam and Thrissur.
The board had recently been notified as an export
promotion council, and benefits under Visheh Krishi Gram Udyog
Yojana (VKGUY) have been extended to coconut oil, fresh and
dried coconut and dessicated coconut products.
