Kerala govt sanctions Rs 42.57 crore subsidy for rubber farmers
3 min read
By PTI
THIRUVANANTHAPURAM: Amid the opposition’s allegations that the Left authorities in Kerala was not addressing the plight of rubber growers, Finance Minister Ok N Balagopal on Monday introduced the approval of Rs 42.57 crore as a subsidy for farmers in the important thing sector within the state.
Balagopal, in an announcement, mentioned the subsidy would profit 1,45,564 rubber cultivators within the state. With this allocation, the federal government has disbursed a complete of Rs 124.88 crore as a subsidy to rubber cultivators for this monetary 12 months, together with the sooner distribution of Rs 82.31 crore, he mentioned.
The minister mentioned that the Rubber Incentive Programme was initiated in gentle of the present market situations for pure rubber.
In 2021, the earlier LDF authorities elevated the subsidy to Rs 170 per kilogram when rubber costs noticed a decline, in an effort to counterbalance the decreased market worth.
This subsidy goals to supply aid to small and marginal farmers grappling with excessive manufacturing prices.
The distribution of the subsidy relies on the checklist of farmers recognised by the Rubber Board, and the Rubber Price Stability Fund is tapped for this goal.
ALSO READ | New Rubber Bill will strengthen sector, says commerce ministry
Balagopal mentioned an quantity of Rs 600 crore has been put aside on this 12 months’s funds for this fund.
Recently, the opposition Congress alleged that the Left authorities had betrayed rubber cultivators by not growing the minimal help worth as promised.
They had additionally raised the matter within the meeting throughout its session final month.
Follow The New Indian Express channel on WhatsApp
THIRUVANANTHAPURAM: Amid the opposition’s allegations that the Left authorities in Kerala was not addressing the plight of rubber growers, Finance Minister Ok N Balagopal on Monday introduced the approval of Rs 42.57 crore as a subsidy for farmers in the important thing sector within the state.
Balagopal, in an announcement, mentioned the subsidy would profit 1,45,564 rubber cultivators within the state. With this allocation, the federal government has disbursed a complete of Rs 124.88 crore as a subsidy to rubber cultivators for this monetary 12 months, together with the sooner distribution of Rs 82.31 crore, he mentioned.
The minister mentioned that the Rubber Incentive Programme was initiated in gentle of the present market situations for pure rubber.googletag.cmd.push(operate() googletag.show(‘div-gpt-ad-8052921-2’); );
In 2021, the earlier LDF authorities elevated the subsidy to Rs 170 per kilogram when rubber costs noticed a decline, in an effort to counterbalance the decreased market worth.
This subsidy goals to supply aid to small and marginal farmers grappling with excessive manufacturing prices.
The distribution of the subsidy relies on the checklist of farmers recognised by the Rubber Board, and the Rubber Price Stability Fund is tapped for this goal.
ALSO READ | New Rubber Bill will strengthen sector, says commerce ministry
Balagopal mentioned an quantity of Rs 600 crore has been put aside on this 12 months’s funds for this fund.
Recently, the opposition Congress alleged that the Left authorities had betrayed rubber cultivators by not growing the minimal help worth as promised.
They had additionally raised the matter within the meeting throughout its session final month. Follow The New Indian Express channel on WhatsApp
