SRI LANKA EMBARKS ON AN AMBITIOUS DRIVE TO PROMOTE RURAL INDUSTRIES
Sri Lanka has embarked on an ambitious promotion drive of several traditional and rural industry projects that were launched last year, finance ministry sources said.
The ministry has allocated Rs 1 billion in the 2022 budget proposals as well as another Rs.150 million r from budget estimates for the state ministry handling traditional and rural industries.
The funds will be used for the improvement of traditional domestic industries such as rattan, clay, brass, lacquer, masks, coconut shells, gold, stone carvings, jute and Dumbara matting patterns, etc.A special programme will be implemented to promote the cultivation of raw materials required for rural industries, and to establish a National Raw Materials Bank, and to assist in going from one entrepreneur to one village project ’.
A project to establish a fashion and process modification centre related to timber products, a local and overseas market promotion programme for rural industries has also been approved by the cabinet of ministers.