Nov 21, 2011 (LBO) – The Sri Lankan government is to take back 37,000 acres of unused land from regional plantations companies and distribute it to small farmers, President Mahinda Rajapaksa said. The lands to be re-distributed will be given small holder families for 30 years.
The small farmers will also be given low cost loans to develop the land along with plants and fertiliser. The land is to be distributed on rent among small holders at the rate of two acres each, Rajapaksa told parliament while presenting the budget for 2012.
He said the government had done surveys of plantations and identified the land that had been lying unused since the estates were privatised in 1992 with the land leased and estate management given to regional plantations corporations.