Govt raises funding for development of natural rubber sector for two years

Contact Counsellor

Last Updated21/02/2024

The union government has increased the allocation sustainable development of the natural rubber sector scheme for the next two financial years (2024-26) by 23 per cent.

This comes amid a shortfall in availability of natural rubber which has resulted in rising import of natural rubber from countries such as Vietnam, Malaysia and other Southeast Asian nations.
There are over 13 lakh rubber growers in the country with Kerala accounting for a major chunk of the production
Funds will be used for:
- Supporting the plantation of rubber
- Generation of planting material
- Productivity enhancement
- Formation of rubber producers societies
- Rubber research and training.
In non-traditional areas like Andhra Pradesh, Odisha and north-east states, 3,752 hectares will be brought under rubber cultivation during 2024-26.
The scheme is implemented through the Rubber Board.
”Research will aim at developing rubber clones suitable for different agro-climatic regions of the country to expand rubber cultivation to new areas.