Enterprise Sri Lanka introduces mobile service islandwide

Finance-ministry

Sep 20, 2019 (LBO) – The Finance Ministry has made arrangments to reach the people and conduct Enterprise Sri Lanka mobile service island-wide in order to provide capital loans at subsidised interest rate for small and medium, self employment or industries.

Accordingly, Enterprise Sri Lanka mobile service will be held at the Kirindiwela Maha Vidyalaya on September 21 and 22, 2019, the districts of Puttalam, Mannar and Galle on September 28 and 29 and, in Matara, Hambantota and Trincomalee districts on October 5 and 6, 2019.

Under the scheme which was passed by parliament after a budget proposal made by Finance Minister Mangala Samaraweera; capital loans valued at 93,000 million rupees has already been granted to 58,000 entrepreneurs.

Prospective entrepreneurs can obtain loans ranging from 100,000 to 750 million rupees from commercial banks under subsidized interest rate under this scheme to open a new business or industry.  

Under this scheme, interest free loans will be granted for self employment and graduates and, loan interest subsidy from 50 percent to 75 percent will be granted for the other business ventures.

Facilities have been made within the mobile service complex to enable the loan applicants to obtain such loans from state banks.

Among the facilities available in the mobile service complex are: issuence of loan applications, necessary guidance to obtain bank loans, facilities to register business establishements and companies and registration of exporters.