Cabinet Approves Measures To Enhance Oil Palm Cultivation

The Union Cabinet, chaired by Prime Minister Narendra Modi on Wednesday approved measures such as relaxation of land ceiling limit, revision of norms of assistance in order to increase oil palm area and production in the country, a cabinet communique said. The government approved relaxation in restrictions for providing assistance to cultivation in more than 25 hectare area to attract corporate bodies towards oil palm and derive maximum benefit of 100 per cent Foreign Direct Investment. The relaxation is applicable for National Mission on Oil seeds and Oil Palm (NMOOP) as well. Also, it gave its approval to revise the norms of assistance, mainly, for planting materials, maintenance cost, inter-cropping cost and bore-well "to make oil palm plantations attractive.

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