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The Tea Board has announced the subsidy for replanting and rejuvenation for the different regions effective from current fiscal.
“This is based on the revision of the cost for these activities as estimated by Nabard (National Bank for Agriculture and Rural Development) and approved by the Commerce Ministry,” Tea Board member Dr S. Ramu told Business Line .
Accordingly, for the small grower sector in Tamil Nadu, the cost of replanting has been estimated at Rs 3,69,500 a hectare.
“A subsidy at the rate of 25 per cent of this cost amounting to Rs 92,375 will be disbursed. The subsidy will be disbursed in two instalments. The first instalment comprising 60 per cent of the subsidy amounting to Rs 55,425 will be paid after completing the planting. The second instalment of 40 per cent amounting to Rs 36,950 will be paid after two years from the completion of planting,” he disclosed.
The subsidy for rejuvenation will be paid in two instalments. The first instalment of Rs 70,617/ hectare will be paid on completion of pruning and infilling. The second instalment of Rs 47,078 will be paid two years after the completion of infilling.
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