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
Government to gazette terms and conditions for SAITM, halts further enrollment and degree awarding
-- [8 hours ago]
Sri Lanka Navy nabs two persons with 135 kg of Kerala Cannabis
Tamil Nadu fishermen increase poaching in Sri Lankan waters, Navy arrests 39 fishermen in last three days
Peace Winds Japan teams up with local partner to provide emergency relief items for Sri Lanka flood victims
Amnesty International calls on Sri Lanka for immediate implementation of Office on Missing Persons
CSE announces revision of share transaction fee structure from Tuesday
Sri Lanka launches another Dengue eradication program as disease spreads
Sri Lanka's ornamental fish sector wins international accolades
Sri Lanka state doctors end strike amid heavy protest from public
Batticaloa District of Sri Lanka formally declared landmines Free

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.