Rs. 21 m for 47 young entrepreneurs from ‘Thurunu Diriya’

Saturday, 4 August 2018 00:10 - - {{hitsCtrl.values.hits}}

The ‘Thurunu Diriya’ loan scheme, implemented by the Bank of Ceylon (BOC) with the assistance of the Policy Development Office (PDO) of the Prime Minister’s Office, has granted loans worth around Rs. 21 million for 47 potential young entrepreneurs.

This was revealed by the progress report of this loan scheme issued by BOC recently, the Prime Minister’s Office said in a statement yesterday.

Young entrepreneurs, who are engaging in small and medium businesses, not only in fields such as textile, beauty-culture, technology and mechanics, but also in various fields such as photography, have qualified to receive loans under the above scheme.

The Small Enterprises Development Bureau has already prepared about 330 business plans for the loan applicants. Out of all the provinces, the highest number of applications has been received by the Sabaragamuwa, Southern and Northern provinces.

Thurunu Diriya BOC loan scheme grants loans without a guarantor and collateral or with lenient guarantor conditions for small-scale entrepreneurs who possess a degree or a recognised vocational training certificate. This loan scheme is implemented by the Small Enterprises Development Bureau and district and divisional secretariats island-wide under the supervision of the PDO of the Prime Minister’s Office.