Kerala Rubber Production Incentive Scheme (Rubber Price Stabilization Scheme)
Overview
The Government of Kerala launched the Rubber Price Stabilization Scheme or Rubber Production Incentive scheme on July 1, 2015, as part of its efforts to save rubber farmers from a sharp fall in prices. The objective of the scheme is to ensure Rs 150 per kg to rubber farmers.
Under this scheme, the variation between the INR 150 and daily cost index set by Rubber Board is the regular reference cost, will be given as subsidy and offered straight to the farmer’s bank account.
Background
The government allotted around three hundred crores for the budget of subsidy’s payment. The farmers will receive an allowance of 300 kg per month for two hectares.
Even after all the numerous actions taken for giving support to the rubber farmers, the market fell abruptly. The cost of Latex also decreased to INR 102.50 from INR 152.00. And the growers claimed that Latex should be transported under the responsibility of RPIS. The average price for ruling remunerative was at INR 170.00 per kg. The production loss was massive from 2014 to 2015.
Benefits
Almost ten lakhs medium and small rubber farmers will enjoy the benefits of this scheme. The farmers who have the whole area of around five hectares for rubber cultivation are qualified to register for this scheme.
The tapped zone qualified for financial aid must be restricted to two hectares for rubber as per single applicant. Qualified financial assistance to every applicant should be limited to eighteen thousand kilograms as per hectare annually, which is the anticipated average production of rubber in Kerala.
The pre-set quantity of the payment for the financial aid will be transferred by the online system and will be processed for every applicant based as per fortnight.
The scheme’s online system will be obtainable at the online portal. They will assist with both the varieties of rubber RSS IV & RSS V.
Documents Needed
The President will approve the application submitted by the farmers of the Rubber Producers’ Society as the hard copy, and it will be given for verification by the field officer.
The President of RPS will update the details of the farmers who applied:
- Photograph
- Scanned copy of land tax receipts
- First page of the Passbook of Bank
- ID Proof such as Aadhar Card, Voter ID, PAN Card etc.
The officials of Rubber Board will inspect the applications approved by RPS, and they can confirm or reject the application online. The officials can do physical verification for the ten per cent of the cases.
Subsidy
The government allotted around three hundred crores for the budget of subsidy’s payment. Almost 9,300 farmers were qualified to get an allowance. There are total 2,200 societies listed under the Rubber Board as they are the enrolled farmers of the members. Around two lakh farmers have applied for the subsidy so far. From the total twelve lakhs marginal and small rubber growers, the government is expecting at least three lakh of farmers to receive an allowance.
Import of Rubber
For regulating the import for natural rubber, the government increased the duty of importing of dry rubber from 20% or INR 30 per kilogram whatever is inferior from 25% or INR 30 for one kilogram. The aim was to increase the demand in locally produced rubber. The government has also made the period for utilization of rubber lesser for import of dry rubber and advance authorization of the project to six months from eighteen months. DGFT or the Director-General of Foreign Trades has made it obligatory to put the restriction in port for the import of natural rubber by limiting any entry to the of Chennai and Jawaharlal Nehru Port from January 2016.
Rubber production incentive scheme is now under execution in the leading rubber producing state of Kerala for giving financial aid to rubber farmers under which there is difference in this scheme reference cost of INR 150 for one kilogram, and the daily market cost is approved into the bank accounts of these farmers promptly as per the purchased bills.
How to Check the Status?
Step 1: Visit the Official Website.
Step 2: Click on “Beneficiary Status Details”.
Step 3: Fill in the details to get the full information.
Frequently Asked Questions
Q. What is Kerala Rubber Production Incentive Scheme?
The Government of Kerala launched the Rubber Price Stabilization Scheme on July 1, 2015, as part of its efforts to save rubber farmers from a sharp fall in prices.
Q. What is the objective of the scheme?
The objective of the scheme is to ensure Rs 150 per kg to rubber farmers. Under this scheme, the variation between the INR 150 and daily cost index set by Rubber Board is the regular reference cost, will be given as subsidy and offered straight to the farmer’s bank account.
Q. What is the budget of the scheme?
The government allotted around three hundred crores for the budget of subsidy’s payment. The farmers will receive the support of 300 kg per month for two hectares.
Q. What is the need for the scheme?
The government allotted around three hundred crores for the budget of subsidy’s payment. The farmers will receive the support of 300 kg per month for two hectares.
Even after all the numerous actions taken for giving support to the rubber farmers, the market fell abruptly. The cost of Latex also decreased to INR 102.50 from INR 152.00. And the growers claimed that Latex should be transported under the responsibility of RPIS.
Q. What are the benefits under this scheme?
Almost ten lakhs medium and small rubber farmers will enjoy the benefits of this scheme. The farmers will receive a subsidy of 300 kg per month for two hectares.
Q. What is the subsidy rate under this scheme?
The government allotted around three hundred crores for the budget of subsidy’s payment. Almost 9,300 farmers were qualified to get support. There are total 2,200 societies listed under the Rubber Board as they are the enrolled farmers of the members.
Q. Why does the government reduce the import price?
The aim was to increase the demand in locally produced rubber. The government has also made the period for utilization of rubber lesser for import of dry rubber and advance authorization of the project to six months from eighteen months.