People’s Bank distributes Aswenna loans in Nuwara Eliya.

People’s Bank held a ceremony in the Kandapola region of Nuwara Eliya to distribute Aswenna loans, a unique product launched to support the Government’s development programme to create a self sufficient nation. The event was graced by People’s Bank Chairman Sujeewa Rajapakse and Chief Executive Officer / General Manager Ranjith Kodituwakku.

The loans were distributed for agriculture, livestock development, horticulture, dairy milk production, purchasing of seeds and raw material for agriculture and development of underlying infrastructure, the bank said.

Vanitha Saviya loans, introduced by the bank to empower female entrepreneurs, were also handed over to the loan recipients during the event. Additionally, the handing over of the cash deposits by new customers who opened Aswenna Savings and Investment accounts was carried out. They were able to open their Aswenna account using digital technology.