Financial assistance for rubber sector raised by 23% for FY24-25 and FY25-26: Ministry of Commerce and Industry (MoCI) | Current Affairs | Vision IAS
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    Financial assistance for rubber sector raised by 23% for FY24-25 and FY25-26: Ministry of Commerce and Industry (MoCI)

    Posted 20 Feb 2024

    2 min read

    • It was provided under ‘Sustainable & Inclusive Development of Natural Rubber Sector’ Scheme (implemented by Rubber Board under MoCI), which enhances natural rubber production through 
      • Expanding planted area, accelerating rubber plantation in non-traditional regions including North-East, intensifying research to evolve technologies for rubber cultivation etc.
      • Financial assistance will help in covering increased production cost, and reduce import dependency.

     

    • Under the scheme, MoCI will also provide assistance during 2024-25 and 2025-26 to
      • Form 250 Rubber Producers Societies to empower planters.
      • Establish three nodal centres of National Institute of Rubber training in Agartala, Guwahati and Nagaland to promote Micro, Small & Medium Enterprises (MSMEs) by imparting training in product manufacture and quality control.
      • Set-up 18 Group Processing Centres in North East to ensure quality and standardization of rubber sheets.
      • Develop rubber clones suitable for different agro-climatic regions to meet rising demand.

     

    • India is third largest producer and fourth largest consumer of natural rubber, mainly grown in Kerala, Tamil Nadu, Karnataka, Tripura, Assam, Meghalaya.
      • Global Distribution: Thailand, Indonesia, Vietnam, China, Ivory Coast, Malaysia, Philippines.
      • Natural rubber is produced from plants and is classified as a polymer.
      • Hevea brasiliensis (Rubber Tree) is native to Amazon region of South America.

     

    Conditions required for Rubber Tree Plantation

    • Laterite soil, mostly in slope and undulated land
    • Tropical climate with annual rainfall of 2000 – 4500 mm.
    • Temperature should be ranged from 25 to 34°C with 80 % relative humidity.

     

    Initiatives taken to promote Rubber

    • Rubber Board (statutory body) under Rubber Act 1947.
    • Indian Natural Rubber Organisation for Assisted Development (INROAD) project across North-East. 
    • National Rubber Policy, 2019.
    • Tags :
    • Rubber Sector
    • Rubber Plantation
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