Govt. extends rural financing program

The Cabinet of Ministers at its meeting on Monday approved extending the period of the ‘Rural Financing Program’ till 30 June 2023.

The Government and the International Fund for Agricultural Development entered into an agreement for implementing the Small Tea and Rubber Estate Restoration Project. 

The ‘Rural Financing Program’ is implemented under that project and is scheduled to be wound up from 31 December and Rs. 172.35 million from the allocated sum for the said program is to be released to the beneficiaries as loans.

Thus, the proposal furnished by Plantation Industries Minister Dr. Ramesh Pathirana to extend the program was approved by the Cabinet of Ministers on Monday.