State to expedite release of ₹20 crore under rubber price stabilisation fund
The Kerala state government is working to expedite the release of ₹20 crore in pending funds for rubber growers. Officials are also exploring ways to support farmers by addressing issues like wild animal threats and providing incentives for intercropping.
Why it matters
This initiative directly impacts the livelihoods of agricultural workers in India's rubber industry and highlights government efforts to stabilize rural economies.
The State government will take immediate steps to facilitate the disbursal of ₹20 crore due to rubber growers under the price stabilisation fund, which has been held up owing to technical reasons, Water Resources Minister Mons Joseph said on Tuesday.
Speaking after a meeting with Rubber Board Chairman N. Hari and senior officials at the Board’s headquarters in Kottayam, the Minister said the government would examine ways to extend the benefits of the price stabilisation fund to a larger number of growers.
The Board authorities highlighted a range of issues confronting growers, including the increasing menace of wild animals. Mr. Joseph said a meeting chaired by the Chief Minister, with the participation of the Ministers for Agriculture and Forests, the Rubber Board Chairman and senior officials, would be convened to discuss these concerns.
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