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 Railway union strike called off
-- [1 hour and 51 minutes ago]
EU team to visit Sri Lanka to assess the fishery ban on 5th - 9th October
-- [2 hours ago]
Northern Province CM to remain neutral at Sri Lanka election
-- [2 hours ago]
Sri Lankan PM asks the people to elect a stable government that could work with the President
-- [3 hours ago]
Top level New Zealand team to visit Sri Lanka in November to explore investment opportunities
-- [3 hours ago]
Sri Lankan government confirms three new diplomatic posts
-- [7 hours ago]
Sri Lankan government to investigate failures of Bribery Commission
-- [8 hours ago]
Sri Lankan government allocates additional Rs. 345 million to reconstruct damaged temples in Nepal
-- [9 hours ago]
Police arrest six for abducting UNF candidate's supporters
-- [9 hours ago]
Another deputy minister resigns from Sri Lankan government

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.