Minister of Finance and Mass Media Mangala Samaraweera said that one of the main proposals made in the budget to create entrepreneurs would be launched in March. He further said that those who obtain credit facilities would be given interest subsidy up to 75% .of the effective interest rate.
The government expects to disburse Rs 60,000 million through state and private banks to would-be entrepreneurs and another Rs 5000 million has been set aside by the Treasury to reimburse the interest subsidy to the banks.
Under this scheme, 15 different loan schemes have been proposed for young entrepreneurs in the fields of Agro, fishery industries and for small and medium enterprises. This scheme includes journalists and those who are self-employed as well
In addition to young entrepreneurs, women and differently abled persons will also be provided special opportunity to take part in this program. Women and differently abled persons who come forward to take part in this programme will be offered additional interests subsidy of 10% and 15 percent more respectively.
Minister of Finance and Mass Media, Mangala Samaraweera held a discussion yesterday with the Heads and the Chief Executives officers of the state and Private Banks at the Treasury. State Minister of Finance Eran Wickramaratne and the ministry higher officials also participated in this discussion
The Minister has also called on all the banks to extend their fullest support to implement this programme of the Government, to create new jobs through the expansion of Economy while aiming to expand the exports
The heads of state and the private banks assured the minster of their continuous support to this project to realize the government's objectives of creating one million new jobs, increase the per capita income and the expansion of exports through enterprise Sri Lanka program which is proposed to commence in March.
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