Central Bank says it’s concessionary loan scheme has received 674 applications by tsunami affected business. Central Bank says it’s concessionary loan scheme has received 674 applications by tsunami affected business. The applications call for some Rs. 775 million in concessionary loans, the bank said on Tuesday.
The applications are in response to the Bank’s Susahana or Tsunami Relief Loan Scheme launched in the immediate aftermath of the December 26 disaster that his Sri Lanka’s coastal belt.
The scheme was started up with a Rs. 5 billion allocation by the Central bank, disbursed by the commercial banks and other financial institutions.
The programme offers affected business loans at an annual 6 percent interest, with micro enterprises getting up to Rs. 100,000, with small and medium scale businesses getting a maximum 5 million.
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