Tea industry get sops from Assam government budget

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Assam government in its financial year 2020 budget has provided sops to tea manufacturing sector. It has announced Orthodox (tea) production subsidy of ₹7 a kg. This coupled with subsidy on Orthodox machinery to manufacturing units that are commencing operations after April 1, 2020 is expected to improve returns of planters.

The tea plantations are expected to get three per cent interest subvention on term loans and working capital loans. Apart from direct benefits, the government has also promised a lot of rural infrastructure like 100 high schools in tea esates will provide indirect benefits.

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