Concessional Loan Scheme of Rs. 500 M Introduced for Young Entrepreneurs

Agreements for the programme were signed yesterday (September 1) at the Ministry premises with the participation of the Bank of Ceylon, People’s Bank, and Regional Development Bank.

The Ministry announced that application forms for the loan scheme will be issued in the coming days through a gazette notification and will also be made available via newspapers and other media outlets.

Speaking at the signing ceremony, Ministry Secretary D. P. Wickremasinghe said the initiative is expected to bring about a transformation in the agricultural sector. He added that the programme will provide much-needed financial support for entrepreneurs facing difficulties in advancing their ventures to the next stage of development.