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Treasury+releases+Rs+17%2C179+mn+to+maintain+guaranteed+price+on+agro-crops
Thursday, 20 August 2015 - 13:53
Treasury releases Rs 17,179 mn to maintain guaranteed price on agro-crops
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The general Treasury has released 17 thousand 179 million rupees to relevant ministries for the expenses incurred to maintain the guaranteed price for tea, rubber and paddy purchasing and other subsidies announced in the interim budget including the 50 percent reduction of farmers’ loan and providing 15 percent interest on fixed deposits by senior citizens.

The government expects to purchase 120 thousand Metric Tonns of paddy under the guaranteed price this Yala season and the Treasury has issued a guarantee for a pledge loan of 6000 million rupees to two state banks.
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