Govt backs migrant workers’ self-employment ventures with seed capital

July 22, 2024 at 10:05 AM

A programme to provide returning migrant workers with seed capital to support self-employment ventures was launched in Kurunegala by the President on Sunday. 

The inauguration ceremony of the “Wigamanika Harasara” initiative, which aims to recognize the impact of migrant workers on the Sri Lankan economy, was held at the Sathyawadi Ground in Kurunegala yesterday. 

To assess the contribution of migrant workers to Sri Lanka’s economy, the “Wigamanika Harasara” programme was launched across the country, beginning in the North West Province. 

Approximately 5,000 migrants from the Kurunegala, Puttalam, Anuradhapura, Matale, and Kegalle districts participated in this initiative, the President’s Media Division said. 

During the event, President Ranil Wickremesinghe awarded Rs. 50,000 each to migrant workers as seed capital to support their self-employment ventures under a welfare benefits program managed by the Sri Lanka Bureau of Foreign Employment (SLBFE). 

This initiative aims to empower the migrant community economically and socially, confirm their rights, and gather ideas and proposals for policy development. 

The President took the opportunity to personally engage with migrant workers, inquiring about their well-being and participating in friendly conversations.

Addressing the event, President Ranil Wickremesinghe announced plans to ensure returning migrant workers can live with dignity after completing their service abroad. He thanked these workers for their vital contributions to foreign exchange during the recent economic crisis, acknowledging their crucial role in advancing the country’s economy.

“The government has provided support to migrant workers returning after earning foreign exchange to help them start a new chapter in their lives. This support is not a reward or grant, but a right earned through their dedicated service. Many returning individuals may find their old jobs no longer suitable for their aspirations, and this program is designed to assist those with the drive and determination to forge a new path. I encourage you to make the most of this opportunity.

“During the country’s economic crisis, your contributions to foreign exchange were crucial for our recovery. Without such support, our economy would not have been able to stabilize. When I took over, the country was in severe decline, with shortages of fuel, and fertilizer, and a bleak future ahead. In those early months, we faced numerous challenges. Without the money you sent, we would not have been able to navigate these difficulties,” he said.

The President pointed out that thanks to the timely provision of fertilizers, the government achieved a successful harvest in recent seasons, which has significantly advanced the economy.

“Every dollar you sent was invaluable, and I extend my gratitude to all of you. Your contributions enabled us to celebrate the Sinhala New Year, Vesak, and Poson festivals with great success.

“We must continue to advance and develop our country, as relying on loans alone cannot sustain our economy. While we have received concessions to help repay foreign loans, merely servicing the debt is insufficient. We need to boost our foreign exchange reserves, which require borrowing until we reach our target amount. However, this increases our debt, so efforts must focus on enhancing our foreign exchange inflow,” he said.

Stating that formal training for those seeking foreign employment is essential, the President revealed he has advised the subject minister to develop a program that equips returning workers with advanced professional skills. 

“Additionally, we should shift towards an export-driven economy, attract foreign investments, and increase tourism. This new approach will guide our country toward further development.

“We also need to focus on advancing agriculture in the country, particularly by increasing paddy production. To support this, we have initiated an agricultural modernization program. As a country, we must move forward with confidence. While large-scale companies are attracting more investors, which is promising, my goal is to also uplift the common people. We have launched programs to address this,” he said.

President Wickremesinghe further said that the “Aswesuma” and “Urumaya” programs have been introduced to ensure that everyone in the country receives their rights.

“Additionally, Rs.50 billion has been allocated to provide essential loans for small and medium-sized businesses. This initiative is part of our broader effort to foster ground-level progress as the country develops.

“In building an export-driven economy, it is crucial for individuals to focus on their village’s economic development as well. While we are committed to national economic growth, we are also providing support for local development. The future of our country is at stake, and there is no room for complacency. Politics should not be about false promises or superficial interactions; it’s about making informed decisions for the future. I remind you of the important responsibility you hold in this process,” he added.

Also addressing the event, Minister of Labour and Foreign Employment Manusha Nanayakkara said Sri Lanka has been able to stand strong as a country because of its foreign employees. 

“In 2019, foreign workers sent USD 6.1 billion to Sri Lanka. By 2022, this amount had decreased to USD 3 billion. However, this year, these dedicated individuals have already sent USD 12 billion, bolstering the program led by President Ranil Wickremesinghe. Despite attempts by some political leaders to deter them from sending money for political reasons, these national heroes have remained committed.

“President Ranil Wickremesinghe’s economic programs have successfully encouraged foreign workers to resume sending money to Sri Lanka, providing the necessary foreign exchange for the country’s basic needs. The government has introduced several special initiatives to support these workers, such as offering vehicle licenses, gifts, and certificates to those who have travelled abroad more than six times. These programs aim to recognize and honour migrant workers. We extend our heartfelt gratitude for your invaluable service,” he said.

Minister Nanayakkara added that the government is working to provide the facilities needed to help migrant workers become entrepreneurs. (Newswire)