NDB joins hands with Women’s Chamber of Industry and Commerce

National Development Bank PLC recently signed a MoU with the Women's Chamber of Industry and Commerce (WCIC) under the NDB Jayagamu Sri Lanka scheme as a means to provide support towards female entrepreneurs, especially those attached to WCIC.

As a solution to boost the local economy and to financially stabilise the nation as a whole amidst the COVID-19 pandemic, NDB launched ‘NDB Jayagamu Sri Lanka’ as a platform to lend support to Small and Medium Scale Enterprises (SMEs), emerging exporters, aspiring entrepreneurs and enthusiastic innovators of Sri Lanka, the bank said in a media release.

With this latest development, the bank will provide a number of benefits to the members of the WCIC such as low interest rate loans, a rebate of 25 per cent when granting credit facilities, as well as guidance and non-financial services in the form of workshops and webinars.

Since the launch of ‘NDB Jayagamu Sri Lanka’, the bank has been working with all its partner organisations such as the Export Development Board, Cord 360, Maersk (Pvt) Ltd, Codevus (Pvt) Limited - ERP service provider, Thinkcube Solutions (Pvt) Ltd - ERP service provider and SL @ 100 in order to provide a boost to the country’s exporters and innovators in order to assist the country in the post-pandemic revival. Through this, both financial and non-financial services were offered to encourage and facilitate entrepreneurs, exporters and innovators even amidst the first and second waves of the pandemic.