SPICED PLAN

Why in the news?

• Recently the Spices Board of India launched the SPICED scheme.
• Its full name is "Sustainability in Spices Sector through Progressive, Innovative and Collaborative Interventions for Export Development".
• A total budget of Rs 422.30 crore has been released for this.

Objectives

• To improve productivity of cardamom
• To enhance the quality of spices for export
• To enhance the export of spices and value added spice products

Spices Board of India

• It is an organization for the development, promotion and propagation of Indian spices.
• It acts as an organization between Indian exporters and foreign importers.
• Formation – Year 1987
• Headquarters – Kochi (Kerala)
• Functions –
  • Issuing certificate of registration as exporter of spices
  • Initiating programs and projects to promote the export of spices
  • Establishing spice parks
  • Improving infrastructure in processing of spices
  • To assist and encourage the study and research of medicinal properties of spices