SRI LANKA: Colombo OK’s fertilizer subsidiary for rubber smallholders
Sri Lanka’s cabinet has approved a fertilizer subsidy for rubber smallholders who own cultivated land in extent of two hectares or less, in proportion to the extent of land cultivated annually.
The proposal was made by Navin Dissanayake, minister of plantation industries, to increase the current extent of land from one hectare to two hectares with the view of benefiting more cultivators under the above subsidy scheme.
A financial subsidy of LKR 5,000 for rubber sector will be granted, a statement on approved cabinet decisions said.
Source: Daily “Lanka Business Online”, Colombo; 24 Aug 2016
(Syed Rashid Ali, Karachi, Pakistan)
Like this article? Share Now!
More news from this section
OMAN: Sultanate’s first tyre recycling units to come up in Barka, Sur
An Omani startup has got the licence to set up the country’s first tyre recycling units, paving the way for a multi-million rial recycling industry for end-of-life-tyres (ELT).
read moreTURKEY: EBRD loans USD 150 million to Turkish tire producer Brisa
The European Bank for Reconstruction and Development (EBRD) has issued a loan of USD 150 million to Turkish tire producer Brisa, the bank announced in a statement.
read more
Write a comment on this article now