Wednesday Dec 24, 2025
Wednesday Dec 24, 2025
Monday, 22 December 2025 04:52 - - {{hitsCtrl.values.hits}}
People’s Bank Kalpitiya Branch Manager Piyumal Dayarathne (right) presents the first loan to entrepreneur A.S.M. Hafeel
People’s Bank has extended the first loan under a special Government-intervened loan scheme introduced to support the rehabilitation of micro, small and medium-scale enterprises (MSMEs) affected by Cyclone Ditwah.
The first loan was recently disbursed by the People’s Bank Kalpitiya Branch to a leather goods manufacturing enterprise operating in the Kalpitiya area, enabling the business to resume operations following cyclone-related disruptions.
The facility is provided under the Disaster Relief Fund – Working Capital Loan Scheme, which offers loans of up to Rs. 1 million at a highly concessional interest rate of 3%. The scheme is implemented through People’s Bank branches countrywide with the objective of assisting affected MSMEs to restore their working capital requirements, safeguard employment, and strengthen business continuity.
People’s Bank said it remains committed to supporting national economic recovery efforts by extending timely and affordable financial assistance to enterprises impacted by natural disasters, while continuing to play a pivotal role in the development of the MSME sector across the country.
