Financial package for rubber sector hiked by 23% to Rs 708 crore: Centre

It said that to support the rubber industry, planting of rubber will be undertaken in 12,000 hectares (ha) in traditional areas during 2024-25 and 2025-26 with an outlay of Rs 43.50 crore.

Financial package for rubber sector hiked by 23% to Rs 708 crore: Centre

The financial assistance for the Rubber sector under the ‘Sustainable & Inclusive Development of Natural Rubber Sector’ scheme has been increased by 23 per cent from Rs 576.41 crore to Rs 708.69 crore for the next two financial years (2024-25 and 2025-26), the Commerce and Industry Ministry said on Monday.

It said that to support the rubber industry, planting of rubber will be undertaken in 12,000 hectares (ha) in traditional areas during 2024-25 and 2025-26 with an outlay of Rs 43.50 crore.