Business · Sri Lanka Bureau
Sri Lanka allocates Rs800mn for Bimsaviya scheme, Rs140mn for land digitization
The Sri Lankan government has earmarked substantial funds for its flagship Bimsaviya social protection programme and a parallel land digitization initiative, signalling renewed focus on welfare and administrative modernization.
LSN Sri Lanka ·
Sri Lanka has allocated 800 million rupees for the Bimsaviya programme, a comprehensive social protection scheme designed to support vulnerable populations across the country. The allocation reflects government commitment to addressing poverty and enhancing social safety nets amid ongoing economic recovery efforts.
In a parallel initiative, authorities have committed 140 million rupees specifically for land digitization projects. The investment aims to modernize Sri Lanka's land administration systems, improving record-keeping and streamlining property-related processes through digital technologies.
Bimsaviya, which translates to "good life" in Sinhala, represents a centralized approach to social welfare delivery. The programme seeks to consolidate multiple social assistance schemes under a unified framework, potentially improving efficiency in reaching beneficiaries and reducing administrative overlap.
The land digitization component addresses longstanding challenges in Sri Lanka's property registration and tenure systems. Digital records are expected to enhance transparency, reduce disputes, and facilitate faster land transactions while generating improved revenue streams for local authorities.