The Hatton National Bank has disbursed 13 Loans under this program, refinanced by the CBSL, launched on an initiative of the Prime Minister.
The HNB is the first participating Bank to make disbursements.
A total of 9100 applications have been received by participatingBanks. Of these the BOC 1831, the Peoples Bank 2649 and RRDB -3974 have receivedthe largest number of applications.
However, these Banks have not made any disbursements to date.
These facts transpired at a progress monitoring conducted by the CPMU and the Department of Project Management and Monitoring of the Ministry of National Policy and Economic Affairs at the National Operations Room, Temple Trees.
The speed at which the HNB has taken steps to disburse these loans, was commended.
(Press Release Issued by Policy Development Office)