Sri Lanka Insurance partners with SLIM Agrisaviya to nurture the agriculture sector

Facilitates insurance services as the Insurance Partner for the programme

Sri Lanka Insurance (SLIC) will partner with Sri Lanka Institute of Marketing (SLIM) as the insurance partner for the “Agrisaviya”, the first Agri-Business Management and Entrepreneurial Programme offered in Sri Lanka, SLIC announced in a news release..

The Certificate in Agri-Business and Entrepreneurship (CABE) programme is a first-of-its-kind qualification available in Sri Lanka to transform farmers into “Agriprenuers”, it said.

The release explained that the agriculture sector of Sri Lanka is one of the most important sources of employment for the majority of the workforce in the country with approximately 2.1 million persons or 25.5% of the total employed population engaged in agriculture, inclusive of forestry and fishery.

“As the national insurer, Sri Lanka Insurance has always been keen on empowering the working population driving the economy forward. Being the insurance partner for the “Agrisaviya” is yet another initiative to uplift the living standards of those who are engaged in the agriculture sector while contributing towards the national development of Sri Lanka,” the release said

“Although 25.5% of the population engages in agriculture, the sector’s contribution to GDP is as low as 7.3%. Despite the geographical advantages of the country and its history of being an agriculture-based economy, Sri Lanka has a declining trend of contribution to the country’s production due to a lack of value additions.

“The “Agri Saviya ” programme will help bridge the knowledge gap of the sector with the contribution of Sri Lanka Insurance as the Insurance Partner,” the release said.