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.

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

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