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The Chartered Institute of Management Accountants (CIMA) launched Sri Lanka’s first student loan scheme for professional education, as it takes strides to penetrate its reach further. CIMA students can now access up to Rs.
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300,000 to register for courses and pay tuition and exam fees through the loan.
CIMA is one of the leading suppliers of management accountants to the local labour market with around 350 students passing out every year.
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"The numbers would be higher if students had access to funds," CIMA President Claude Perera, told journalists on Tuesday.
With the new credit facility that is currently available via Hatton National Bank and Sampath Bank CIMA is hoping to make it easier for students to successfully complete the courses.
CIMA is also willing to extend the programme to other banks to increase its reach.
The two banks already in the programme will lend to CIMA students at the preferential rate of 14.
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5 percent over a repayment period of four to five years with a six-