March 20, Colombo (LNW): The government has announced the reinstatement of pension provisions for farmers across the country.
This decision, welcomed by many in the farming sector, will provide financial security to farmers in their retirement, acknowledging their crucial role in the nation’s economy.
Premasiri Jasinghaarachchi, Chairman of the Agricultural and Agrarian Insurance Board, revealed that alongside pensions, farmers will also benefit from life insurance coverage.
This new initiative is expected to offer greater protection for farmers and their families, ensuring they have access to essential financial support in the event of unforeseen circumstances.
In addition to this announcement, the Agricultural and Agrarian Insurance Board has confirmed that the compensation process for farmers affected by crop damage from last year’s heavy rainfall has now been finalised.
A total of Rs. 952 million has been distributed to 53,503 farming families who were impacted by the extreme weather conditions.
This compensation was part of the government’s effort to support those whose livelihoods were threatened by the devastating rains that caused widespread damage to crops.
However, some farmers have not yet received their compensation due to issues with verifying their identities and discrepancies in the assessment reports.
The Agricultural and Agrarian Insurance Board has acknowledged these challenges and is working to resolve the remaining issues so that all affected farmers can receive their due compensation.
