Ratnapura leads ‘Enterprise Sri Lanka’ loans disbursement

Tuesday, 11 September 2018 00:00 - - {{hitsCtrl.values.hits}}

Ratnapura District is leading ‘Thurunu Diriya’ loans disbursement by disbursing 12 loans while a total of 105 ‘Thurunu Diriya’ loans have been disbursed islandwide as at 5 September.

This was revealed in the weekly progress report on ‘Thurunu Diriya’ loan scheme implementation, which was released by the Bank of Ceylon. This report also reveals that the provincial-wise disbursement of ‘Thurunu Diriya’ loans sees the Western Province in the lead with 26 loans.

The ‘Thurunu Diriya’ loan scheme is a special loan scheme designed for potential young entrepreneurs engaging in various businesses from all corners of the country, which gives them the opportunity to receive loans with a low interest rate that they can use to tackle the financial problems they face and develop their businesses.

The ‘Thurunu Diriya’ loan scheme was implemented by the Bank of Ceylon with the assistance of the Policy Development Office (PDO) of the Prime Minister’s Office, the Central Program Management Unit (CPMU) of the Ministry of National Policies and Economic Affairs and the Small Enterprises Development Division (SEDD) of the Ministry of Youth Affairs, Project Management and Southern Development, to provide financial assistance to potential young entrepreneurs of Sri Lanka.

This loan scheme provides loans without a guarantor and collateral or with lenient guarantor conditions, for entrepreneurs who possess a degree or a recognised vocational certificate and who have been in the business for a minimum of three years.

Further details related to this loan scheme can be obtained from Bank of Ceylon branches or the Divisional Secretariats islandwide.