September 27, Colombo (LNW): President Anura Kumara Dissanayake has instructed the Treasury to grant an allowance of Rs. 25,000 per hectare to paddy farmers for the 2024/25 Maha Season. This represents an increase in the previous fertilizer subsidy, which was set at Rs. 15,000 per hectare. The enhanced subsidy will take effect on October 1, with funds directly transferred to farmers’ bank accounts, ensuring efficient and timely distribution.
The government’s new policy statement emphasizes effective management of agricultural inputs, including the provision of chemical and organic fertilizers at reasonable prices. This initiative aims to support sustainable farming by offering targeted subsidies.
In addition to agricultural aid, the President has directed the Treasury to implement a fuel subsidy for the fishing community, also starting on October 1. This monthly subsidy will cover both multi-day and one-day fishing vessels, with funds directly deposited into fishermen’s bank accounts. The policy aims to boost fish production, making it accessible to consumers at fair prices while improving the quality of life for the fishing community.
The government is also committed to supporting the recovery of marine fisheries through financial and technical assistance. This step is in response to the significant challenges currently facing the industry, with a focus on sustainability and environmental responsibility.
