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::

* Rs. 4 billion allocated for agricultural loans to Sri Lankan farmers
Sat, Jul 12, 2014, 09:38 am SL Time, ColomboPage News Desk, Sri Lanka.

July 12, Colombo: Sri Lankan President Mahinda Rajapaksa has decided to increase the amount allocated for agricultural loans for the farmers up to Rs. 4 billion.

President Rajapaksa has made this decision at a meeting held in the Presidential Secretariat on Friday in response to a request made by farmer organizations.

Accordingly, the funds will be released to the relevant banks to issue loans to the farmers.

The meeting was called to obtain views and ideas from farmer organizations and trade union representatives to prepare the next year budget proposals.

Addressing the representatives, the President said the government policy is to upgrade the living conditions of local farmers and to strengthen their income and his government has taken measures to rejuvenate the local agriculture sector.

The President, focusing his attention on the problems of the drought stricken farmers in the dry zone, has instructed the officials to expedite the provision of government relief to the affected people in the Anuradhapura and Polonnaruwa Districts.

Among other issues discussed in depth were, the provision of fertilizer subsidy and seeds, and safeguarding the producers from higher taxes during the harvesting periods.

The President has also instructed the officials to take measures to eliminate illegal constructions in reserves of irrigational tanks.

(Photos by Sudath Silva)

ColomboPage - Recent 10 Stories
Sri Lanka cabinet approves establishing a Centre of Excellence on Ocean Sciences
-- [25 minutes ago]
Sri Lanka's Hatton National Bank acquires 51 percent stake of micro finance company
-- [44 minutes ago]
Indian Coast Guard arrests 12 Sri Lankan fishermen
-- [1 hour and 9 minutes ago]
Sri Lanka has fulfilled most of its responsibilities towards country's children - President
-- [1 hour and 53 minutes ago]
Sri Lanka best place in South Asia for old people
-- [2 hours ago]
US$ 70 million French aid to Sri Lanka for water supply system improvement and energy saving project
Sri Lankan President congratulates top winners of Grade Five Scholarship
Public Utilities Commission of Sri Lanka announces new electricity rates
Minister denies receiving resignation letter from Sri Lanka's High Commissioner to UK
Sri Lanka to mark World Children's Day tomorrow

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.