Seed Capital for "Palmyrah Fund"

Budget Speech para. 186: "Mr. Speaker, to fast track development in the North and the East, we will establish the “Palmyrah Fund”, with an investment of Rs.5,000 Mn spread over 2 years. We invite well-wishers, philanthropists, especially in the Diaspora, to also contribute to this Fund, which will be administered by the Treasury. The funds will be routed through the Government Agents for development activities in the war-affected areas. In addition to these development activities, the fund will also channel resources towards programs that addresses alcoholism, drug abuse, youth unemployment, civil society-initiated counselling and support programs."

  • Allocation (Rs. Mn)2,500
  • SectorReconciliation
  • Ministry / Government Institution : Ministry of Industries and Supply Chain Management

Openness Tracker


No information was received under the request for information filed under the Right to Information Act No 12 of 2016. No information on the progress of the promise was available through webchecks.

Progress Tracker


No information is available to determine the progress of the promise.

Agency Openness Ranking 12

The Ministry of Industries and Supply Chain Management was one of the five government institutions ranked last out of 16 government institutions assessed in 2019. The rank was determined based on the weighted average score of 0 received by the ministry (weighted average based on allocation). This score was based on the disclosure of information on 3 proposals assessed in 2019, which were under the purview of the ministry.

Budget Speech para. 36, para. 75 & para. 186: No information on progress was available for the proposals.

For detailed information on the method of calculating the weighted average scores:


Sources of Information