Coconut Promotion Scheme announced in Union Budget 2026–27

Exam-focused facts from the 19 March 2026 current affairs briefing.

Key facts

India leads global coconut production with over 30% share.
Coconut cultivation supports nearly 30 million people, including around 10 million farmers.
The Coconut Promotion Scheme was introduced in the Union Budget 2026–27.
The scheme is part of a ₹350 crore allocation for high-value crops.
State-wise fund allocation and utilisation details are yet to be finalised.
Information shared by Bhagirath Choudhary, Minister of State for Agriculture and Farmers Welfare, in Lok Sabha.