Lankapage Logo Recent Top Stories
CP 13 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Fertilizer subsidy for Sri Lankan farmers amounts to Rs. 60 billion
Thu, Dec 6, 2012, 01:29 am SL Time, ColomboPage News Desk, Sri Lanka.

Dec 05, Colombo: The Deputy Minister of Agrarian Services and Wildlife S.M. Chandrasena said that there is no change in the fertilizer subsidy given to the farmers.

The government will give a bag of 50 kilograms of fertilizer costing Rs. 3,500 to the farmers at Rs.350 incurring 90 percent of the cost. The annual expenditure for the government on fertilizer subsidy amounts to Rs. 60 billion, the Minister pointed out.

He noted that despite the huge amount of concession on fertilizer, the government has to pay compensation to farmers when the harvest is affected by the drought, flood or wild animals.

Although the Agricultural Insurance Board has introduced an insurance scheme as a solution to cover the losses only five percent of the farmers contribute to this scheme.

The Minister said therefore an insurance charge of 150 rupees will be made when a fertilizer bag is purchased for Rs. 350. The insurance charge will not be utilized for any other purpose but to provide compensation when disaster strikes, the Minister stressed.

He dismissed the reports that the government has increased the price of fertilizer to 500 rupees saying that there is no plan to increase the price.



ColomboPage - Recent 10 Stories
Canadian Foreign Minister Inaugurates Jaffna's only Siddha Center
-- [9 hours ago]
India's External Affairs Minister holds discussions to resolve India-Sri Lanka Fishermen Issues
-- [9 hours ago]
Shippers' Council's contribution to Sri Lanka import export sectors recognized at 50th anniversary celebrations
CID questions former IGP over popular editor Lasantha Wickremetunga's murder
Gampaha Magistrate also restricts joint opposition Pada Yathra
While some walk for power, government committed to build the country - Sri Lankan President
Modernization of Sri Lanka Customs is a timely requirement, Finance Minister says
Pakistan committed to promote human capital and entrepreneurship development in Sri Lanka - envoy
Sri Lanka's Colombo inflation declines to 5.5 percent in July 2016
Pakistan national carrier signs contract with SriLankan for lease of three A-330s

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.