The People’s Bank has reduced the interest rate of the Aswenna loan scheme, a unique product that is aimed at creating a self sufficient nation, with immediate effect, the bank said in a media release on Monday.
As a result, the Aswenna loan scheme interest rate has dropped from 13 per cent to 9.5 per cent. Accordingly, the 13 per cent interest rate applicable to Aswenna loans of up to Rs. 1 million for a duration of three years has now been reduced.
Parallel with the Government's efforts to create a self-sufficient nation, the People's Bank introduced the Aswenna loan scheme to benefit small and medium-scale agriculture, fisheries, other crops and animal husbandry. The bank is providing these financial benefits for the purchase of paddy fields, purchasing of seeds and raw material for agriculture, purchasing of land and machinery, development of underlying infrastructure, purchasing of boats for fisheries, animal husbandry and other agro-based initiatives.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
All Ceylon Makkal Congress MP Ali Sabri Raheem had been arrested by Kalpitiya police after he surrendered to the police today morning.
Senior DIG Nilantha Jayawardena has been sent on compulsory leave pending disciplinary investigation over his failure to prevent the Easter Sunday bombings.
The 22nd amendment to the constitution dealing with the term of the President has been gazetted by order of President Ranil Wickremesinghe.
Auspicious times widely followed by candidates keeping with traditions will be taken into consideration by the Election Commission in fixing the date and time for the conduct on the Presidential polls.
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