Sources from banks and mortgage centers say that the people of the fifteen districts where there is severe drought have mortgaged their properties including jewellery worth more than 10,000 crore rupees due to various economic problems. Sri Lanka Latest News
Sources also said that some people are selling their properties due to economic problems.
Due to severe drought situation, more than 2 lakh people in fifteen districts are facing acute shortage of drinking water.
Agriculture Ministry officials say that the crop damage has exceeded 60,000 acres.
Meanwhile, Professor Wasantha Athukorala of Peradeniya University’s Department of Economics and Statistical Studies said that due to economic problems, people across the country have pledged over 68,729 crore rupees worth of jewellery to banks and mortgage centers last year.