"The Cabinet Committee on Economic Affairs has approved the continuation of the 'Sustainable and Inclusive Development of Natural Rubber Sector' scheme with an outlay of Rs 960 crore in the 12th Plan...," an official statement said.
The scheme was approved with some modification as recommended by the Expenditure Finance Committee (EFC), the statement added.
The main objective of the scheme is to enhance natural rubber production and productivity.
The scheme aims to enhance the production through expanding planted area, accelerating rubber plantation development programmes in non-traditional regions, including the North-East.
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