With the aim of revitalizing micro, small, and medium-scale enterprises (MSMEs), a comprehensive package of financial facilities was introduced today (18th) under the patronage of President Ranil Wickremesinghe at the Presidential Secretariat.
This comprehensive package includes a range of financial facilities tailored to bolster both investment and working capital for MSMEs across Sri Lanka.
For micro, small, and medium-scale enterprises (MSMEs) under the non-performing loans category, a working capital loan of up to Rs. 5 million is provided for a period of 5 years at an interest rate of 8%. The total allocated amount for this initiative is Rs. 5 billion.
The participating financial institutions include Bank of Ceylon, People’s Bank, Regional Development Bank, State Mortgage and Investment Bank, Hatton National Bank, Seylan Bank, Sampath Bank, Commercial Bank, DFCC Bank, National Development Bank, Nations Trust Bank, Sanasa Development Bank Limited, Union Bank, Pan Asia Bank, and Cargills Bank