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
Sri Lanka Central Bank launches Data Library to public
-- [36 minutes ago]
Sri Lanka Participates at SATTE Travel Exhibition in New Delhi, India
-- [56 minutes ago]
Thailand grants Rs. 8 million to Sri Lanka for drought relief
-- [1 hour and 14 minutes ago]
Indian Foreign Secretary meets President, Opposition Leader
-- [1 hour and 38 minutes ago]
Veolia wins €156 million contract for drinking water project in Sri Lanka
-- [2 hours ago]
Sri Lankan President condoles the deaths of boat tragedy
-- [2 hours ago]
Fourth South Asia Region Public Procurement Conference in Sri Lanka turns spotlight on e-Government Procurement
-- [2 hours ago]
British Council in Sri Lanka connects classrooms for 21st century teaching skills
-- [3 hours ago]
U.S. House of Representatives Delegation visits Sri Lanka to strengthen bilateral ties
-- [3 hours ago]
Sri Lanka Tamil party to support government despite failure to resolve Tamil people's issues
-- [9 hours ago]

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.