‘Enterprise Sri Lanka – BOC Thurunu Diriya’ disburses over 180 loans island-wide

Wednesday, 17 October 2018 00:00 -     - {{hitsCtrl.values.hits}}

The ‘Enterprise Sri Lanka – BOC Thurunu Diriya’ loan scheme has disbursed 182 loans for young entrepreneurs islandwide up to date, the Policy Development Office said in a statement.

This was revealed at the weekly progress report of implementing the ‘Thurunu Diriya’ loan scheme which was released by the Bank of Ceylon on 10 October.

This report also reveals that the provincial-wise disbursement of ‘Thurunu Diriya’ loans is led by the Western Province by disbursing 39 loans and Ratnapura District leads ‘Thurunu Diriya’ loans disbursement by disbursing 22 loans.

The ‘Thurunu Diriya’ loan scheme is a special loan scheme designed for potential young entrepreneurs who are engaging in various businesses belong to various categories such as beauty culture, garments, computer and mobile phones repairing, etc., from all corners of the country. This has given them the opportunity to receive loans with a low interest rate, which they have used to overcome the financial problems they face and develop their businesses in the future.

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 below the age of 40 years, who possess a degree or a recognised vocational certificate and who have been in the business for minimum of three years. Further details on this loan scheme can be obtained from Bank of Ceylon branches or the Divisional Secretariats islandwide.