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Rubber cultivated area increases by 3.6%

Source : IBNS
Last Updated: Wed, Sep 05, 2012 18:11 hrs

Minister of State of Commerce and Industry Jyotiraditya M. Scindia on Wednesday said rubber cultivated area has increased by 3.6 percent in 2011-12 over the previous year.

"The annual growth rate of rubber cultivated area in 2011-12 is comparable to the growth rates recorded in the two previous years at 3.6% and 3.7% respectively. Decision on planting rubber is mainly influenced by rubber prices," Scindia said in a written reply in the Rajya Sabha.

"During 11th Five Year Plan, subsidy for new planting and replanting of Rubber was 20% of development cost of raising rubber plantations in traditional regions (Kerala and Tamil Nadu) and 25% of the development cost in non-traditional regions including North East. However, the Twelfth Plan proposals have not yet been finalised," he said.

"The rate of subsidy for new planting and replanting of rubber in traditional regions during 11th Plan was Rs.19,500 per ha. The rate of subsidy of new planting and replanting of rubber in non-traditional regions including North East during 11th Plan was Rs.22,000 per ha," Scindia said.

"As per the Rubber Board studies, the estimates of development/cultivation cost per ha of rubber plantations at 2011-12 prices in traditional, non-traditional other than North East and North East regions are Rs.3,13,000, Rs.2,30,000 and Rs.2,14,500 per ha respectively," he said.

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