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Our Bureau

New Delhi , Dec. 28

The Cabinet Committee on Economic Affairs (CCEA) on Friday approved setting up of a Special Purpose Tea Fund (SPTF) under the Tea Board for funding replantation and rejuvenation activities aimed at improving the age profile of tea plantations.

This would lead to increase in collections of tea cess, sales tax/VAT, income tax etc, according to an official release. It will help the ailing tea industry.

The scheme is also expected to generate additional employment at the rate of 22 million person days per year yielding gainful employment for dependents of permanent workers residing in tea plantations, the release added.

More Stories on : Agricultural Policy | Tea

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