Coconut Development Board Welcomes Budget 2026 Scheme to Boost Production
The Coconut Development Board (CDB) has expressed its strong support for Finance Minister Nirmala Sitharaman's announcement in the Union Budget 2026-27 regarding the establishment of a dedicated coconut promotion scheme. This initiative is specifically designed to enhance coconut production and productivity across India, marking a significant step forward for the agricultural sector.
Key Objectives of the Coconut Promotion Scheme
The newly announced scheme aims to strengthen the competitiveness of India's coconut sector through a series of targeted interventions. One of the primary focuses will be on replacing senile and non-productive coconut palms with high-quality planting material. This strategic move is expected to revitalize coconut farms and improve overall yield.
Finance Minister Nirmala Sitharaman emphasized that the scheme aligns with broader government objectives to diversify farm outputs, increase productivity, enhance farmers' income, and create new employment opportunities. The government plans to extend focused support to high-value crops like coconut, with particular attention to coastal regions where coconut cultivation is prevalent.
Expected Impact on the Coconut Sector
The Coconut Development Board believes that this development scheme will provide a substantial boost to India's coconut sector. By addressing key challenges such as aging palm trees and low productivity, the initiative is poised to transform the industry. The board anticipates that the scheme will not only improve the economic viability of coconut farming but also contribute to sustainable agricultural practices.
With the implementation of this scheme, farmers in coastal areas and other coconut-growing regions can look forward to enhanced support and resources. This targeted approach is expected to drive innovation and efficiency in coconut production, ultimately benefiting the entire value chain from cultivation to market.
