The government has given close to 23,000 loans under its 'Enterprise Sri Lanka' concessionary credit schemes aimed at reviving entrepreneurship and private enterprise in the island.
The Ministry of Finance and Media in statement said that 22,957 people have been granted these concessionary loans amounting to more than LKR 49 billion.
All of these loan amounts are distributed through state and private banks with Bank of Ceylon awarding the most loans to 11,711 applicants.
Regional Development Bank has provided loans to 5,612 individuals and institutions while the People’s Bank have provided loans to 1,402 applicants.
Spearheaded by Finance and Media Minister Mangala Samaraweera, the Enterprise Sri Lanka programme will aim to create 100,000 entrepreneurs in the country within the first year of the programme which consist of 16 collateral free concessionary loan schemes for aspiring and established entrepreneurs alike.
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