Paddy harvesting in 2024 Yala season has begun and the Cabinet of Ministers has allocated Rs.6 billion to loan small and medium scale rice mill owners under a concessionary interest rate to purchase paddy in the Yala season, Cabinet Spokesman Mass Media Minister Dr. Bandula Gunawardhana said.
He was speaking at the Weekly Cabinet media briefing held yesterday at the Government Information Department.
Accordingly, approval of the Cabinet of Ministers has been received in order to act in the following manner, taking into consideration the proposal presented by the President and the Plantation Industries Minister with the objective of increasing competitiveness of purchasing paddy and encouraging paddy production in the coming Maha Season.
• To grant the provision of Rs.500 million to the Paddy Marketing Board in order to actively participate in the paddy purchasing program of the Yala Season in 2024.
• To purchase the Nadu paddy at Rs.105 per kg, Samba paddy at Rs.115 per kg and Keeri Samba Rs.130 per kg
• To increase the fertilizer Subsidy, Rs.15,000 which has been paid at present per one hectare, up to Rs.25,000 in order to encourage the farmers for paddy cultivation enabling them to obtain maximum paddy harvest in the coming Maha season.
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