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The government issued the order a day after the centre announced incentive for export of rubber sheets.
The LDF manifesto had committed to increase the support price to Rs 250.
ED said, Rubco is not a sustainable entity because of its mounting interest liabilities and widening losses.
The Thalassery Archbishop has urged the government to settle the farmers' arrears before disbursing salaries to employees next month.
Finance Minister K N Balagopal, in a statement, said the subsidy would benefit 1,45,564 rubber cultivators in the state.
The meeting is significant as it happened days after the top cleric highlighted the plight of rubber farmers.
The rubber growers have begun to receive the subsidy amount through their bank accounts. All subsidies due till February 28 have been allotted in the current instalment, the office of the State Finance Minister said.
Mar Joseph Pamplany had recently commented that he would back the ruling Bharatiya Janata Party (BJP) if it raises floor price of rubber.
Pamplany launched a scathing attack on the Congress and the CPM for paying lip service to the interests of rubber farmers reeling under poor crop prices amid rising expenses.
The Leader of Opposition has reminded the Archbishop of the attacks on Christians and other minorities in the country.
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