Open AccessStakeholders’ Perception of Coconut Palm Insurance Scheme: A Study on the Coastal States of India
Author(s) -
D Rajasenan,
B. Rajeev
Publication year - 2013
Publication title -
cord. coconut research and development/cord
Language(s) - English
Resource type - Journals
eISSN - 2721-8856
pISSN - 0215-1162
DOI - 10.37833/cord.v29i1.91
Subject(s) - tamil , sustainability , business , palm , cocos nucifera , agricultural science , geography , mathematics , socioeconomics , economics , environmental science , ecology , biology , philosophy , linguistics , physics , quantum mechanics , botany
The Coconut Palm Insurance Scheme (CPIS) is a mechanism, devised to endow effective risk management aid, to those coconut growers who are likely to be impacted by non-preventable natural factors as well as pests and diseases. This study analyses the perception of the stakeholders for drawing empirical validity, so as to appraise sustainability of CPIS as a measure towards financial inclusion. 528 samples, encompassing Kerala, Karnataka, Tamil Nadu, Goa and Maharashtra states, classified into three regions, were taken using multi-stage proportionate random sampling technique with a view to develop a recurrent scheme to assist the coconut growers. Analyses and inferences, based on Factor Analysis, point out that growers across the regions are convinced that the scheme is necessary for a crop like coconut and, accordingly, the scheme seems to have achieved its goal.