Introduce a contributory Insurance scheme for farmers
Budget Speech para. 52: "Farmers are constantly at the mercy of the weather Gods and successive Governments have been doling out funds to the farmers whenever there has been a drought or floods in an indiscriminate manner. It is in this context that the weather indexed insurance scheme has been designed. The insurance cover will be a minimum of Rs. 40,000 per acre for 6 crops including paddy and other 5 emerging crops such as Maize, Soya, Big Onion, Potato, and Chilli. This will be a contributory scheme with the premium being borne by both the farmer and the Government. The Government will invest Rs. 3,000 million in 2018." Allocation Revised: According to the progress report received, the budget allocation has been revised to from LKR 3,000 million LKR 2,200 million.
- Allocation (Rs. Mn) : 3,000
- Sector : Social Welfare
- Ministry / Government Institution : Ministry of Agriculture, Rural Economic Affairs, Livestock Development, Irrigation and Fisheries & Aquatic Resources Development
(Previously the Ministry of Agriculture)
Openness Tracker Restricted
Information on progress was obtained through the progress report received from the responsible government agency in response to a request made by email. However, it was not possible to determine progress based on the information received, due to incomparability with the stated targets of the project that were set out in the action plan obtained in the mid-year assessment. Progress was determined using "Progress of Large Scale Development Projects and Programmes as at 30th September 2018" made available on the website of Department of Project Management and Monitoring.
Progress Tracker Fulfilled
Based on the information made available online by the Department of Project Management and Monitoring, progress as at 30 September 2018 was 100% of the target set for 2018. However, based on the information received via email from the responsible government agency, only 22% of the allocation for the promise was disbursed by the Treasury in 2018. Hence, available funds were insufficient to carry out most activities outlined in the original action plan.
Sources of Information
- Over the counter