The scheme was approved by the CCEA in November 2004 with an outlay of Rs100 crore.
The Mission, which was initially structured as a five year programme, has been operational for 29 months, beginning November 2004.
"The Mission has achieved significant successes and in several critical areas, the targets assigned have been exceeded," Finance Minister P Chidambaram told mediapersons after a meeting of the CCEA, chaired by Prime Minister Manmohan Singh.
It has created a base for economic activities with an annual turnover of more than Rs 270 crore, and has generated employment for 25.2 million mandays in extraction, processing and value addition in bamboo growing areas, across the country.
The Mission has developed and commercialised technologies and applications in segments of wood substitutes, bamboo based gasification, bamboo based charcoal making, edible bamboo shoot processing, bamboo fiber based hygiene products, bamboo fiber reinforced thermoplastics for critical and non-critical segments.
Effective intervention in provision of infrastructure was one of the major and significant achievements of the Mission, he said.
Over 8000 bamboo composite based pre-fabricated structures for schools, hospitals, sanitation and housing in the areas where construction is difficult and which are earthquake prone and tsunami affected, have been installed.
These structures have wide acceptability for their being cost effective, fire retardant, disaster proof and easy to install.