Lankaputhra Development Bank supports Negombo entrepreneurs

Tuesday, 14 October 2014 11:26 - - {{hitsCtrl.values.hits}}

Lankaputhra Development Bank implemented a special loan project under flexible terms and concessionary interest rates to promote self-employment in the Western Province. Under this special loan scheme, facilities have already been granted to purchase boat engines for the fishing industry as well as for three-wheelers to provide basic transport for tourists in the Negombo area. Furthermore, loans were also granted to buy sewing machines and agricultural implements to commence self-employment projects in the area and these were handed over at a ceremony held recently at the Negombo Town Hall Auditorium Economic Development Minister Basil Rajapaksa, Western Province Sports, Transport and Fisheries Minister Nimal Lansa, Lankaputhra Development Bank Chairman H.S. Dharmasiri and Wennappuwa Branch Manager Udai Ranatunga. The provincial ministry will support the bank in the follow-up of the projects as well as get involved in loan recoveries. This particular project was implemented with the objective of developing self-employment opportunities in the Negombo area and will be under the direct supervision of the Wennappuwa Branch Manager Udai Ranatunga. Lankaputhra Development Bank is owned by the Government and was established to strengthen the national economy by supporting owners of small- and medium-scale businesses. So far the bank has initiated many projects for the benefit of these entrepreneurs. In addition, the bank offers leasing and pawning facilities together with other financial services such as fixed deposits, normal savings and minor savings. Lankaputhra Development Bank has a network of branch offices situated in the Colombo, Hambantota, Polonnaruwa, Kandy, Wennappuwa, Batticaloa and Trincomalee.

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