Outlay for the Tea Development and Promotion Scheme has been elevated by 82 per cent from Rs 290.81 crore to Rs 528.97 crore for the subsequent two monetary years (2024-25 and 2025-26).
The Tea Development and Promotion Scheme is aimed toward supporting the event of improved varieties for rising the manufacturing and high quality of tea
The outlay for the Tea Development and Promotion Scheme has been elevated by 82 per cent to Rs 528.97 crore for the subsequent two monetary years, the federal government mentioned on Thursday. The scheme is aimed toward supporting the event of improved varieties for rising the manufacturing and high quality of tea.
Under the scheme, the organising of 800 self-assist teams and 330 farmer-producer organisations (FPO) within the subsequent two monetary years (2024-26) has been proposed, Amardeep Singh Bhatia, Additional Secretary within the Department of Commerce mentioned, including that the outlay has been elevated from Rs 2.7 crore to Rs 105.5 crore for this function.
“Outlay for the scheme has been increased by 82 per cent from Rs 290.81 crore to Rs 528.97 crore for the next two financial years (2024-25 and 2025-26),” he instructed reporters right here.
He mentioned {that a} important enhance in outlay has been made to promote Indian Tea in each home and worldwide markets. The funds for the promotion of tea have been elevated to Rs 72.42 crore.
For organising mixing and packaging items for worth addition, Bhatia mentioned Rs 40 crore has been allotted.
“The objective is to increase exports, especially in value-added segments and consumption of quality tea,” he mentioned including a brand new element of technological interventions for tea plantation has been included for actions like precision farming, drone surveillance, traceability and blockchain, and digitization of actions of Tea Board.
India is the third largest exporter of tea on this planet. The exports dipped by over 4 per cent to USD 673 million throughout April-January this fiscal.
