Lankaputhra Development Bank empowers Mahaweli ‘L’ zone entrepreneurs

Tuesday, 5 October 2010 23:06 -     - {{hitsCtrl.values.hits}}

Lankaputhra Development Bank now implements are special loan scheme for the benefit of entrepreneurs of the Mahaweli L zone. The loans are available to engage in agro industries, livestock farming and fisheries.

Small and medium scale entrepreneurs at Athavetunawewa, Nikawewa, Kiriibbanwewa, Kalyanipura, Monarawewa, Gajabapura, Sampathnuwara and Welioya could obtain loans under this scheme to start new ventures and to expand existing projects.

Lankaputhra Development Bank, which is a fully State-owned entity, enjoys 100% State patronage and currently has seven branches. Plans have already been drawn up to expand the branch network to cover Moneragala as well as the north in the future.

A mobile service was held at the Mahaweli Zone Office at Padaviya on 23 and 24 September to select eligible recipients under this loan scheme. Officials of the Mahaweli Development Authority joined representatives of Lankaputhra Development Bank in this selection process conducted during the two day mobile service.

Loan application forms were issued to recipients and assistance provided in filling the forms while loan consultancy and appraisal of the relevant projects along with project reports were also undertaken on this occasion.

People of these areas who faced numerous difficulties over the past two decades due to the war are now facing life with much optimism. Government has already launched a number of development projects in this region and the people are currently in need of proper guidance and infrastructure facilities. Lankaputhra Development Bank has stepped in make available the financial resources to these people.

Apart from the Maha season cultivation activities, growing of subsidiary food crops is a major source of income in the Mahaweli L Zone which extends over Mullaitivu, Vavuniya, Anuradhapura and Trincomalee Districts.