Nov 01 2011 November 1, 2011 July 3, 2023 1Comment

Sri Lanka introduces a New Pension Scheme for fishermen

Posted by Editor on November 1, 2011 - 10:59 am

The Ministry of Fisheries in collaboration with the Bank of Ceylon has started a new pension scheme under the name ‘Diyawara Diriya’ for the fishing community.

There are 170,000 inland and coastal fishermen in the country. The insurance scheme for fishermen which started previously has been unsuccessful, and the new scheme will be jointly carried out by the Bank of Ceylon, the Department of Fisheries and Aquatic Resources Development and the Sri Lanka Aquatic Resources Development Authority.

The fishermen can contribute to this scheme by paying monthly premiums or by paying several premiums at one time or by paying the total amount in one installment. The pension will be paid at the rate of Rs. 10,000 per month for 10 years after reaching 55 years of age or at the rate of Rs. 10,000 per month for 10 years after 60 years of age or at the rate of Rs. 10,000 per month for the total life period after 60 years of age depending on the premium paid. Further details on the scheme can be obtained from Bank of Ceylon or from institutions coming under the Ministry of Fisheries. (niz+)

 

Source: Government News Portal

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