Rs 17.56 cr sanctioned for medicinal farming | india | Hindustan Times
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Rs 17.56 cr sanctioned for medicinal farming

WITH A view to encouraging medicinal farming in the State, a grant of Rs 17.56 crore has been sanctioned to 710 farmers so far.

india Updated: Apr 02, 2006 00:54 IST

WITH A view to encouraging medicinal farming in the State, a grant of Rs 17.56 crore has been sanctioned to 710 farmers so far.

In the wake of an encouragement by the National Medicinal Plant Board, New Delhi, under its grant scheme during 2002-03, progressive farmers of the State submitted 1,406 projects in 2005-06.

Under this scheme, financial assistance in form of grant up to 30 per cent of the total cost or the maximum up to Rs nine lakh is sanctioned for the cultivation of 30 species prescribed in the priority list of the National Medicinal Plant Board, according to an official press release. During 2002-03, the Madhya Pradesh Laghu Vanopaj Sangh had received proposals from 307 farmers.

National Medicinal Plant Board sanctioned a grant of Rs 3.06 crore to 56 farmers during 2003-04. Similarly, the board approved 1,175 proposals it received from the cultivators.

Of this, 527 proposals were sanctioned and Rs.12.25 crore given. During 2004-05, of the proposals of 838 farmers forwarded by the MP Laghu Vanopaj Sahkari Sangh, as many as 127 proposals were approved and an amount of Rs 2.25 crore was sanctioned, the press release added.