The Union Cabinet on Wednesday approved the extension of the National Bamboo Mission (NBM) till 2019-20 at an expenditure of ₹1,290 crore.
“The Mission will ensure holistic development of the bamboo sector by addressing complete value chain and establishing effective linkage of producers [farmers] with industry,” the government said in a release.
“The CCEA [the Cabinet Committee on Economic Affairs] has also approved the setting up of an executive committee for the formulation of guidelines of the NBM and to make the changes therein, including cost norms for various interventions from time-to-time as per the needs and specific recommendations of States, with the approval of the Union Minister for Agriculture & Farmers Welfare.”
Of the total cost of ₹1,290 crore, the Centre’s share would be ₹950 crore.
“The scheme will benefit directly and indirectly the farmers as well as local artisans and associated personnel engaged in bamboo sector, including associated industries,” the government added.
“Since it is proposed to bring about one lakh hectares under plantation, about one lakh farmers will directly benefit in terms of plantation.”
