Govt. to deposit cash to farmersí bank accounts for fertilizer

The Government has decided to deposit cash for full market value of fertilizer to the bank accounts of farmers, starting from the next cultivation season, Agriculture Minister Duminda Dissanayake said.

He stated that in addition to banking cash for fertilizer to cultivate paddy, corn, soya and onion, each farmer will receive a free agri insurance cover of Rs 40,000 per acre.

The decisions were taken during a discussion held yesterday with the participation of Minister Dissanayake, Finance Minister Mangala Samaraweera, Special Assignments Minister Dr. Sarath Amunugama, the President’s representative to the National Economic Council (NEC) and relevant officials.

It was decided that the full cost for the purchase of fertilizer by paddy farmers and the five additional crops of corn, soya, chili, onions and potatoes, will be deposited to the bank accounts of farmers before the start of the next cultivation season.