THIRUVANANTHAPURAM: The Kerala tree insurance scheme for providing insurance cover to coconut palms will be launched here on Wednesday.
The scheme to be implemented this year under the joint aegis of the Department of Agriculture, Coconut Development Board and the Agriculture Insurance Company of India will be first implemented in Thiruvananthapuram, Alappuzha, Ernakulam and Kozhikode districts.
A sum of Rs.25 lakh had been earmarked in the budget for implementing the scheme, which will provide insurance cover to coconut palms in 13,935 hectares under the scheme.
Farmers who have at least 10 palms will get the benefit of the scheme. Those palms which are 60 years old and have an annual yield of 30 coconuts will be covered. Depending on the age of the palm, the premium will vary from Rs.4.69 to Rs.6.35.
The board will bear 50 per cent of the premium and the State government 25 per cent. The farmer will have to pay the remaining 25 per cent.
The insurance benefit will be given to the farmers whose palms become unproductive due to fire, lightening, flood, landslip, drought and such other natural calamities.
A palm which is 15 years old will get Rs.600 and those from 16 to 60 years will get Rs.1,160 each. Agriculture Minister Mullakkara Ratnakaran will inaugurate the scheme at function at the Institution of Engineers here on Wednesday.
Source: The Hindu, Online edition
Wednesday, Feb 24, 2010
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