Coconut Cultivation Board to restructure Kapruka Fund management to boost national growth
February 09, Colombo (LNW): The Coconut Cultivation Board has revealed an ambitious plan to reorganise the Kapruka Fund Management Board Societies, a key initiative aimed at expanding coconut cultivation across Sri Lanka.
This restructuring effort is expected to streamline operations and improve support for local coconut farmers, enhancing the country’s production capacity.
Dr. Sunimal Jayakody, Chairman of the Board, announced that the first phase of this strategic initiative will be rolled out in the Gampaha District on February 17.
He highlighted that this move would work in tandem with the existing Kapruka Loan Scheme, ensuring that farmers have access to the necessary financial resources to grow their operations.
This initiative forms part of the Coconut Cultivation Board’s broader, long-term strategy to boost national coconut production.
The Board has set a bold target of planting 2.5 million coconut trees in 2025 as part of its efforts to revitalise the industry and ensure a sustainable future for coconut cultivation.
Dr. Jayakody elaborated on the plan to focus on the Northern Coconut Triangle, a key area for coconut farming in the country, disclosing that approximately one million coconut trees will be cultivated in this region alone, contributing significantly to the overall growth targets.
