The Asian Development Bank (ADB) has agreed to provide working capital support to revive affected enterprises.
A number of small and medium scale enterprises engaged in manufacturing, import, export, tourism, apparel and other commercial operations have discontinued, primarily as a result of the economic downturn.
Rupees 20 billion will be provided to entrepreneurs through licensed commercial banks and licensed specialized banks at concessional interest rates, the Cabinet has decided.
Rs 15 billion will be used to strengthen existing and new enterprises and the remaining amount of rupees five billion will be used to support enterprises under the non-performing loan category.
The Cabinet approved the proposal presented by the President Ranil Wickremesinghe in his capacity as the Minister of Finance, Economic Stabilization and National Policies.
The only orangutan held at the Dehiwala National Zoological gardens had passed away yesterday.
The Secretary of the Bodu Bala Sena Organisation Ven Galagodaatte Ganasara Thera was today imprisoned for the third time.
The newly appointed heads of mission of Sri Lanka held discussions with Prime Minister Dr. Harini Amarasuriya today at the Sri Lankan parliament to explore ways to enhance diplomatic cooperation.
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