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The Sri Lankan government has been successful in reducing poverty from 15.2% on 2006 to 8.9% in 2010, urban poverty was reduced from 6.7 to 5.3% while rural poverty was reduced from 15.7 to 9.5%, and the nation has made significant progress towards achieving Millennium Development Goals on eradicating extreme poverty and hunger.
Janasaviya was a poverty reduction program in Sri Lanka. It was introduced in 1989 by the government of Ranasinghe Premadasa , [ 1 ] and was a lead program of his government. [ 2 ] In 1995, under the new president Chandrika Kumaratunga , it was replaced by the Samurdhi program.
The welfare state of Sri Lanka began to evolve in the 1930s through to the 1970s, and comprises expenditures by the government of Sri Lanka intended to improve health, education, employment and social security. The Sri Lankan system has been classified as a liberal welfare state system.
Private provident funds existed in the private sector, with some companies contributing on a voluntary basis until 1958, when the Employees' Provident Fund was established by S. W. R. D. Bandaranaike following the enactment of the Employees' Provident Fund Act No 15 of 1958 which established the Employees' Provident Fund which made it compulsory for all employers and employees to contribute if ...
Experiments done in Africa (Uganda and Tanzania) and Sri Lanka on hundreds of households have shown that a bicycle can increase the income of a poor family by as much as 35%. [125] [126] [127] Transport, if analyzed for the cost-benefit analysis for rural poverty alleviation, has given one of the best returns in this regard. For example, road ...
Sri Lanka Ecotourism Foundation aims to use tourism as a tool to support the social and economic development or rural communities throughout Sri Lanka. The foundation has been leading poverty alleviation programs through ecotourism and is motivating local communities to take part in community based ecotourism and nature conservation projects. [3]
Sarvodaya Development Finance PLC is a Sri Lankan public limited company and functions as a licensed finance company. [1] It is a listed company in the Colombo Stock Exchange. [2] It is considered as the first development finance company in Sri Lanka. [3] It is also the financial services provider of the Sarvodaya Movement. [4]
The purpose of civil society involvement is to increase the influence of stakeholders in policy creation, program implementation, resource allocation and priority setting. [4] The intent here is to cultivate a degree of national consensus, thereby creating a poverty reduction strategy that is more representative of stakeholder's interests. [ 4 ]