Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* New pension Scheme for Sri Lankan farmers to be launched today
Tue, Jan 28, 2014, 01:10 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jan 28, Colombo: Sri Lankan President Mahinda Rajapaksa today will launch a new pension scheme for Sri Lankan farmers who are over 60 years of age.

About 1,500 farmers representing all districts will receive pensions at a ceremony held in Hambantota International Conference Hall under the patronage of the President.

The farmers' pension scheme will be implemented in accordance with the proposal made by the President in the 2014 budget.

The government has established a fund for the pension scheme and annually the government will contribute Rs. 1 billion to this fund. Contributions from the farmers and a part of the profit from the farmers' pension scheme will also be contributed to the fund.

According to the Deputy Secretary of the Treasury Dr. B.M.S. Batagoda the farmers will benefit more from the new scheme. It would raise the living standards of the farmers countrywide and give them extra benefits over the old scheme.

Farmers over 60 years will receive a monthly pension of Rs.1,000 and the farmers over 78 years will be paid a monthly allowance of Rs.5,000.

The cabinet has granted its approval for the scheme, Dr. Batagoda said.

According to the official, 959,254 farmers island wide have contributed to the scheme and 128,659 farmers out of this number are eligible to receive the pension.

ColomboPage - Recent 10 Stories
Indian fishermen seek BJP leader's help to get Sri Lanka to release their boats
-- [0 minutes ago]
Indian Tamil party leader accuses BJP government of openly aiding Sri Lanka
-- [22 minutes ago]
India issues stamp commemorating Sri Lankan Buddhist revivalist
-- [1 hour and 3 minutes ago]
INFOTEL ICT exhibition opens in Sri Lanka
-- [7 hours ago]
Sri Lankan Navy Commander to leave for India tomorrow on an official visit
-- [8 hours ago]
Sri Lanka's Northern Province CM's visit to India not yet decided
-- [8 hours ago]
Sri Lanka's Sabaragamuwa University to re-open on Monday
-- [8 hours ago]
Buddhist monk who abducted a 9-year-old boy in Sri Lanka remanded
-- [9 hours ago]
Sri Lanka 2015 Budget highlights
UN recognizes post war progress in Sri Lanka, works with government to resolve reconciliation issues

Copyright © 2000, 2014 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.