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 launched
Tue, Jan 28, 2014, 11:10 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jan 28, Hambantota: Sri Lankan President Mahinda Rajapaksa today launched a new pension scheme for Sri Lankan farmers that would provide more benefits than an earlier scheme.

The President launched the new pension scheme today at a ceremony held in the Hambantota International Conference Center and symbolically presented the pensions to 30 farmers representing all districts of the island.

Addressing the function President Rajapaksa said that his government secured the rights of farmers and provided a peaceful environment for them to do their cultivations without fear and as a result the country has now become self-sufficient with food.

The farmers' pension scheme is 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. 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. Under the new pension scheme about 128,000 farmers over 63 years will receive benefits from this month. The government has allocated one billion rupees for this pension scheme.

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.

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 from this month.

Ministers Basil Rajapaksa, S.M. Chandrasena, Mahinda Amaraweera, and Geethanjana Gunawardena, and parliamentarians Namal Rajapaksa and Roshan Ranasinghe were also present on the occasion.

(Photos by Sudath Silva)

ColomboPage - Recent 10 Stories
Sri Lanka consumer protection agency raids traders selling rice above MRP
-- [1 hour and 53 minutes ago]
Minister urges to switch off street lamps early to save energy as hydropower generation possible only until April
-- [3 hours ago]
Government to pay compensation to victims of boat accident
-- [3 hours ago]
Indian Cultural Centre presents A Musical Evening -Hindi Film Songs from 60's, 70's and 80's
-- [4 hours ago]
Indian migrant laborer charged with the murder of Sri Lankan in Malaysia
-- [5 hours ago]
Sri Lankan Navy accused of chasing away 3000 Tamil Nadu fishermen from island waters
-- [5 hours ago]
Representatives of US Congress laud Sri Lanka's transformative process
-- [6 hours ago]
Sri Lanka nationwide inflation increases to 6.5 percent in January 2017
-- [6 hours ago]
Japan's Border Entry Inspection stricter for students from five countries including Sri Lanka
-- [6 hours ago]
Sri Lankan President to decide on private universities issue after considering best interests of the country

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.