Sri Lanka has finally evolved a National Cooperative Policy for its dairy sector with the help of International Labor Organization (ILO), reports Colombo Page. The cooperative policy had been on the anvil since 2011.
Sri Lanka’s minister of cooperative development recently presented the final policy document, called the National Policy on Cooperatives to Ms Simrin Singh, ILO Country Director for Sri Lanka & the Maldives.
International Labor Organization has welcomed Sri Lankan govt ‘s approval for the national policy on cooperatives.
A Sri Lankan source is quoted saying the 111-year old Sri Lankan cooperative sector employs 46,000 and has a membership total of a little over 8 million. The Lankan cooperatives assets and savings base is estimated at a huge US $ 2.8 billion (2017/’18). There are a more than 14,400 cooperatives operating in diverse fieldS in Sri Lanka, the source added.