Speaking while presenting the Union Budget 2026-27, Sitharaman said the scheme will focus on major coconut-growing states and include measures such as replacing non-productive trees with new, high-yielding saplings.
India remains the world's largest consumer of cashews, processing almost half of the global cashew kernels and consuming about 40 per cent of the global output. The US is a distant second, accounting for 10-15 per cent of global consumption.