Tea Board India : SPTF
 
HOME THE SCHEME
     
 
 

SPECIAL PURPOSE TEA FUND SCHEME (SPTF)

The most important factor afflicting the Indian Tea Industry is the ageing of tea bushes, leading to declining quality and productivity. This has resulted in the cost of production of Indian Tea becoming the highest among major tea exporting countries.

To arrest this trend, the Government of India in the Ministry of Commerce and Industry have approved a proposal of Tea Board India for setting up of a Special Purpose Tea Fund for extending financial support to the needy tea estates for undertaking replanting, replacement planting and rejuvenation of old aged tea bushes.

The objective is to cover 2.12 lakh ha over a fifteen-year period. Government approval has been obtained for phase-I of the programme i.e. for activities to be completed till the end of the XI plan period (2007-12). The estimated area to be taken up for re-plantation/rejuvenation during Phase-I would be 85,044 ha comprising re-plantation on 68,154 ha @ 11,359 ha per annum and rejuvenation in 16,890 ha @ 2815 ha per annum.

Government's contribution towards the programme during the period has been fixed at Rs. 567.10 crore (capital infusion of Rs. 91 crores to the SPTF and subsidy of Rs. 476.10 crore equivalents to 25% of the projected project expenditure of Rs. 1904.40 crore).

 
 
Continuation of the scheme in the 12th plan period and further till the end of the 15 year programme period would be considered after evaluation of the implementation and success of the programme in Phase I.

75% of the assessed unit cost of replanting/replacement planting/rejuvenation pruning and consolidation would be provided to tea gardens by way of term loan (50%) and subsidy (25%). The borrowers are required to bear the balance 25% of the cost.
 
 
Tea Board India : SPTF
HOME |  THE SCHEME | FORM | FAQ | ARCHIVE |  CONTACT US
  Designed & Developed by Nevaeh Technology Pvt. Ltd.