Rubber planting subsidy extended
Indunil HEWAGE
The Rubber Development Department (RDD) in collaboration with Sri
Lanka Treasury have extended the "rubber new planting and re-planting
state subsidy" for this year in an effort to facilitate and empower
local rubber smallholders and regional plantation companies.
Accordingly, the Treasury has allocated over Rs 588 million this year
to implement the project. Replanted and newly planted lands under the
"rubber replanting and newly planting" subsidy are eligible to a
financial subsidy of Rs. 150,000 per hectare for new planting and
Rs.175,000 per hectare for re-planting. This subsidy will be paid in
eight instalments. In addition, eligible applicants are required to
fulfil the targets given by the RDD.
"For 2012, smallholders are given a target of replanting rubber
(traditional areas) in an area of 1,800 hectares and 1,750 hectares for
new rubber planting in traditional areas. Smallholders will have to
utilize 1,250 hectares for rubber new planting in non traditional areas
such as Moneragala ,Ampara and Badulla areas. In addition, some 1,500
hectares of land have been identified for regional plantation companies
to re-plant rubber during 2012 ," a RDD senior official said.
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