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Parate executions or the foreclosure on default loans by banks, would not cover micro enterprises whose borrowings are less than Rs.
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1 mn as at March 31.

rnrnEntrepreneurs whose borrowing does not exceed Rs. 500,000 as at March 31 are also eligible for the package under the government quote s 100-day programme.

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rnrnDeputy Finance Minister, Bandula Gunawardene told reporters that they have also requested banks to allow a 100 days moratorium on interest payments.

rnrnldblquote There will not be a change in banks quote provisioning requirements, dblquote he said. Under the present banking laws, all banks are required to provide for loans, which default for over three months.

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rnrnldblquote We are aware of the high level of non performing loans in the banking sector. The large non-performing loans not covered under the proposed relief package can be pursued by banks using their normal channels, dblquote Treasury Secretary, Charitha Ratwatte said.

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rnrnldblquote Banks are also free to follow their own i

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