Investing in the youth is crucial for the future of agriculture. Sri Lanka, being an agrarian nation with a rich history of agriculture dating back over 2500 years, has seen the sector contribute significantly to the country’s GDP and poverty reduction efforts. However, one of the major challenges faced by the agricultural and agribusiness sector in Sri Lanka has been the low participation of youth, compounded by COVID-19 restrictions since March 2020.

Fortunately, the SAPP youth grant program has stepped in to fill this gap and create partnerships with public and private financial institutions, as well as with the support of the Ministry of Agriculture and the Sri Lankan government. This has provided greater access for youth in rural areas to achieve sustainable income.

Previously, many youth faced difficulties accessing financial support due to unstable income sources and lack of knowledge. However, with the SAPP initiative, they were able to learn how to apply for loan facilities with minimal interest rates from recognized banks in Sri Lanka. With the reasonable interest rates, they were able to scale up production, receive technological support, and gain market access. This has been a huge opportunity for youth to sustain their farming and business, as well as increase their profits.