Government puts Enterprise Sri Lanka loan scheme on-hold for review

Nov 26, 2019 (LBO) – Sri Lanka’s newly formed government has decided to put Enterprise Sri Lanka along with other concessionary loan schemes launched by the previous government on hold until a systematic study is carried out.

The government’s position is that existing credit schemes should be identified and implemented in priority areas of the national economy, the Finance Ministry said in a statement.

“In order to identify priority areas, the Ministry of Economic Policy and Development has decided to review and reorganize these schemes,” the statement said.

“After a systematic study, the Government will take measures to strengthen these credit schemes with a wider scope and aimed at effective investment.”