September 03, Colombo (LNW): In a significant move aimed at supporting the agricultural sector, the government has announced the immediate cancellation of all crop loans taken by farmers.
This decision comes in response to persistent requests from various farmer associations, reflecting the administration’s commitment to alleviating the financial burdens faced by those in the farming community.
According to a statement from the President’s Media Division (PMD), the government has recognised the critical importance of providing economic relief to farmers, particularly in light of the ongoing challenges that have impacted agricultural productivity and livelihoods.
The cancellation of these loans is expected to offer substantial financial respite, enabling farmers to focus on enhancing their crop yields without the looming pressure of debt.
By easing the debt load, the government aims to encourage sustainable farming practices and increase agricultural output, ultimately contributing to food security and rural development.
