Northern Revival

July 18, 2011 (LBO) – Loans worth 4.6 billion rupees have been disbursed in Sri Lanka’s war-torn north to revive livelihoods and businesses under Central Bank sponsored credit programmes since the conflict ended in mid-2009. The programmes helped promote livelihood and income generating activities among conflict-affected households and refugees in the Northern Province, a statement said.

The bank allocated 3,000 million rupees for a separate credit line named Awakening North, introduced a special credit guarantee scheme to promote loans through Participating Financial Institutions (PFIs) and launched a poverty alleviation microfinance project in the Jaffna Peninsula.

It also conducted financial literacy programmes to make the people aware of the facilities available in which 35,250 people in the Northern Province took part.

“Under the credit lines, PFIs were provided with a package of services and inputs including refinance at a low rate and credit guarantee to extend financial facilities to the deserving segment of the population,” the statement said.

“Such credit lines were designed to provide assistance for resumption of former businesses, income generating activities and livelihood of the affecte