Increased Budget allotment to the Rubber Board
PR / Desk
KOTTAYAM, February 1, 2020: The fund allocation for Rubber Board for 2020- 2021 in the budget presented today in Parliament is Rs 221.34crore. Additionally the revised estimate for the current fiscal has been significantly raised to Rs 242 crore from the earlier sanction which was Rs 170 crore.
The allotment to the Board during 2018-19 was Rs 172.22 crore.
Dr KN Raghavan, Executive Director, Rubber Board has said that the Board would utilize the increased allotment to clear, to the maximum possible extent, the subsidy due to small rubber growers, which has been lying in arrears over a few years.
He also said that the Board would be exploring avenues for introducing new schemes for promoting rubber cultivation, strengthening of farmer's collectives, improvement of quality and upgrading of research and training facilities utilising the higher budget allocation.