Going Bananas

Manjula Mathews, President of the Board of Directors of Habitat for Humanity Sri Lanka (L) and Yu Hwa Li, National Director of Habitat for Humanity Sri Lanka (R) present Rakhil Fernando, Managing Director of Daraz (C) with Goodwill Ambassador Certificate

A tissue cultivation project to grow and sell banana chips became the first recipient of a government funded rural revival fund.rn

rnSet up under the aegis of the Rural Economy Ministry, the Rural Economy Resuscitation Fund kicked off Thursday with a pledge to empower rural producers.rn

rnThe Treasury has infused Rs. 100 mn as seed capital and Minister Bandula Gunawardene says a further Rs. 200 mn has been promised in the upcoming budget.rn

rnldblquote We hope the Trust will set the base to revive the domestic market, create markets for farmers with a reasonable return and in turn accelerate rural economic development,
dblquote Gunawardene told journalists at the Trust
quote s launch.rn

rnThe Hambantota tissue cultivation project has got a Rs. 60,000 monthly grant for two-years to help farmers sell quality banana chips to local markets.rn

rnAlready 50 farmers have signed up for the project and the Colombo University
quote s Botany Department has come forward to help the Hambantota center with resea