CA Sri Lanka Pledges Over Rs. 32 Million for Flood Relief

COLOMBO (News1st): Reaffirming its unwavering commitment to the nation, a leader in professional education, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has taken a series of initiatives in flood relief and recovery efforts following the devastation caused by Cyclone Ditwah with the aim of supporting communities affected by the recent floods and landslides.

In line with its commitment to national development and social responsibility, CA Sri Lanka has allocated over Rs. 32 million towards flood relief and recovery efforts for the country's rebuilding efforts following the devastation caused by Cyclone Ditwah. 

The initiative is made possible through a collective effort, with primary funding from the Institute’s reserves, supported by savings from the cancellation of several events following the disaster, and additional contributions from Overseas Chapters and Members in response to the Institute’s call for donations.

CA Sri Lanka contributed LKR 10 million to the “Sri Lanka Rebuilding” Fund to aid large-scale rehabilitation and reconstruction projects. 

The cheque was handed over to Dr. Nandika Sanath Kumanayake, Secretary to The President by Tishan Subasinghe, President of CA Sri Lanka, in the presence of Anoji De Silva, Vice President, Heshana Kuruppu, Immediate Past President, and Members of the Council.

Soon after the disaster, CA Sri Lanka and its academic arm, SAB campus , took steps to provide emergency support for families living in Gampola as well as staff of the Institute by distributing dry rations worth over Rs.1.8 million.  

CA Sri Lanka also opened its study hall facilities for Advanced Level students, CA students, and other students with a safe and comfortable environment to continue their studies despite the disruptions following the disaster.
 
To help GCE Advanced Level students severely impacted by the floods and landslides, the Institute also launched a special scholarship initiative to provide 200 scholarships, ensuring uninterrupted education despite the disaster. 

The total cost of the scheme is approximately Rs. 14 million, and all fees are waived off for students who register for the globally recognised Chartered Accountants programme, including examination fees.

Funded by contributions from CA Sri Lanka's Overseas Chapters and members, plans are also underway to develop and restore several flood-affected schools in different parts of the country at a cost of Rs. 7 million, helping students return to safe learning environments following the disaster.