The Prime Minister also said that the government will enact new laws to control the owners of rice mills and large scale paddy warehouses to prevent them from stockpiling food in the future.
The Prime Minister instructed the State Banks to act in accordance with the monetary policy of the Government in granting loans and instructed the Central Bank and Treasury officials to monitor the lending policies.
Minister of Trade, Commerce and Food Security Nalin Fernando informed the Prime Minister that the loan facilities requested by the rice mill owners are not being provided adequately and stocks of rice are being concealed.
Representatives of State and Commercial-level Banks, Central Bank and General Treasury officials participated in this discussion held at the Prime Minister’s Office today (2022.06.15) to discuss the financial problems faced by rice mill owners.
