Sri Lankan government to present strategic plan to accelerate rural development within 18 months

Sri Lankan government to present strategic plan to accelerate rural development within 18 months

The government of Sri Lanka is reportedly looking at presenting a 45-point short term strategic plan aimed at accelerating rural development within the next 18 months.
Minister of Megapolis and Western Development Patali Champika Ranawaka has told the Business Times that this development process will be covering social, economic and environmental fields specially targeting the rural masses.
The Minister has proposed to allocate at least a sum of Rs.10 million each to 6000 electoral units of local government bodies towards strengthening development in rural areas.
According to this development plan, a suggestion has been made to grant a monthly allowance of Rs. 5000 to low income families for three years by restructuring the Samurdhi poverty alleviation scheme.
Financial and other assistance will be provided to 10,000 new entrepreneurs with public investment in accordance with the new plan, Ranawaka has told the media.
The government has to go for radical reforms handing over the responsibilities to young MPs replacing the old guard, the Minister has further noted.

OSL take:

The Sri Lankan government’s 45-point short term strategic plan to accelerate rural development would result in many investment opportunities in the country. Also, the development of the rural areas in the country would result in the development in the small and medium enterprises (SME) sector, which in turn would create opportunities for business/investment partnerships for foreign businesses.

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Article Code : VBS/AT/11042018/Z_9

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