Home / Financial Services/ SEDD prepares 1,900 business plans for ‘Thurunu Diriya’ loan applicants

SEDD prepares 1,900 business plans for ‘Thurunu Diriya’ loan applicants


Comments / {{hitsCtrl.values.hits}} Views / Thursday, 6 December 2018 00:05

Facebook

The Bank of Ceylon (BOC) ‘Thurunu Diriya’ loan scheme is a special loan scheme implemented with the coordination of District and Divisional Secretariats with the objective of empowering young entrepreneurs. 

This loan scheme provides loans for potential young entrepreneurs who are engaging in various businesses from around the island. Small Enterprises Development Division (SEDD) plays an important role by preparing business plans needed for the interested applicants to apply for the Thurunu Diriya loan.   

As at 4 December, the total number of business plans prepared by SEDD was 1,900, and the total number of Thurunu Diriya loans disbursed among the young entrepreneurs around the country was 325. There is a target of disbursing 1,925 Thurunu Diriya loans among the young entrepreneurs. 

Accordingly, as a percentage, the total number of loans disbursed was 17% out of the total target of the loans to be disbursed among the young entrepreneurs around the country. 

It is remarkable to note that the Ratnapura district has handed over 261 business plans which were prepared by the SEDD to the BOC. Further, this district leads both the loan disbursements by disbursing 47 loans and preparation of business plans by preparing 261 business plans. After Ratnapura district, Anuradhapura and Kegalle districts lead preparation of business plans for young entrepreneurs of their districts by having prepared 214 and 158 business plans, respectively. 

The BOC Thurunu Diriya loan scheme provides loans without a guarantor and collateral, or with lenient guarantor conditions, for young entrepreneurs below the age of 40 years who possess a degree or a recognised vocational certificate and have been in the business for at least three years. Further details of this loan scheme can be obtained from the BOC branches or the Divisional Secretariats island-wide.


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Tawheed is not a misdeed but dirtied by the extreme

Saturday, 25 May 2019

A singular and specific victim of the whole macabre incident of the 21 April Easter Sunday bombings by terrorists in Sri Lanka from a standpoint of Muslims was the maligning, tarnishing and distorting of a term indispensable, necessitous and fundamen


17 things ‘Avengers: Endgame’ teaches us about the state of our superheroes

Friday, 24 May 2019

Art imitates life. Even movies do. Maybe especially so. In these lean times, there’s nothing like a little laughter to stop the press, stem the blood pressure, ease that stress in life. So here goes. Trust you’ll take these tongue-in-cheek. Or pe


Sri Lanka needs urgent surgery!

Friday, 24 May 2019

Sri Lanka was on the slippery slope of a serious crisis, heading for a great disaster of the State, even before the outbreak of Easter Sunday attacks. Now, in the aftermath of the ruthless Easter Sunday attacks, the country’s crisis has become exac


Mangala, Monks, Mangala Sutta and Marx

Friday, 24 May 2019

In the Buddhist belief system, ‘Mangala’ means a ‘blessing’. In the abstract ‘Mangala’ denotes an ‘auspicious sign’. In the ‘Mangala Sutta’, the Buddha has enumerated 38 of the highest blessings that we must or should be guided b


Columnists More