10th Parliament· 154 sittings on record · 30,475 speeches · latest 10 June 2026

The Hon. R.M. Jayawardhana

Jathika Jana balawegaya· Monaragala· 12 September 2025 ·Oral question: Oral Question: Co-operative Development Functions (Q.4/2025)

Public FinanceLaw & Order
AI summary generated by gpt-5.5

Measures regarding rural banks are constrained because responsibility falls under the Provincial List, limiting direct intervention by the Central Government or the National Co-operative Commissioner. The Government has begun amending the Co-operative Societies Law to provide a legal basis for coordination with rural banks and provincial authorities, with the intention of completing the amendment before the end of the year.

Verbatim record (translated)

Machine-translated from Sinhala / Tamil / English

¶ 01 Hon. Speaker, what the Hon. Member asks is what measures have been taken. I clearly stated again what measures we have taken. Full responsibilities for rural banks are included in the Provincial List. Therefore, the Central Government cannot directly intervene or issue direct orders regarding rural banks. For that purpose, we are taking steps to amend the Co-operative Societies Law to make the necessary legal provisions. That is correct. Work has commenced to amend the Co-operative Societies Law to remove that impediment. We intend to amend the law before the end of this year and include provisions to enable us to work in coordination with rural banks and Provincial subjects. That is how we expect to proceed. Without this law, we cannot directly intervene. The Central Government cannot undertake this through the National Co-operative Commissioner or Commissioneress. Therefore, we have now commenced amending the law.

Provenance

Source
Hansard, Friday, 12 September 2025 ·No. 1758618446023035 ·English daily/uncorrected Hansard
Page · column
not yet extracted — page/column anchors are not in the current dataset; the source PDF is the citable location.
Permalink
/lk/speeches/3190

Cite as: The Hon. R.M. Jayawardhana. 10th Parliament, Parliament of Sri Lanka. Hansard, 12 September 2025. No. 1758618446023035. Politick, https://staging.politick.io/lk/speeches/3190