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
Gem smuggling Indian national nabbed in Sri Lanka
-- [4 hours ago]
Sri Lanka to host SAARC Film Festival 2015 in Colombo next week
-- [5 hours ago]
PM appeals to Sri Lankan youth to elect public representatives who are capable of solving their problems
Sri Lankan President calls on SLFP activists to extend support for government
Sri Lanka Navy brings home 16 fishermen released from India
Sri Lanka's former army commander to contest parliamentary elections
Sri Lanka seeks German assistance to ensure durable peace and prosperity for people
Sri Lanka's Chief Justice assures security for Jaffna Judges, lawyers
India, Sri Lanka business dialogue in July
Sri Lankan court bans protests in Jaffna over the arrests

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.