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
One Health International Conference at Sri Lanka's Peradeniya University
-- [12 minutes ago]
Sri Lanka Navy arrests nine Indian fishermen
-- [48 minutes ago]
Sri Lanka's first ever International Film Festival begins today in Colombo
-- [8 hours ago]
Sri Lanka Freedom Party 63rd anniversary celebrations in Badulla today
-- [9 hours ago]
Sri Lanka's Laugfs Gas ventures into international shipping and maritime services
Sri Lanka hopes for better relations with new UNHRC Chief
Bank of Ceylon extends anti-money laundering contract with Callcredit Group
The best we can give our children is education - Sri Lankan President
Sri Lankan court allows deportation of Pakistani asylum seekers
Sri Lanka state hospitals back to normal as the supplementary staff ends the strike

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.