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.
Former Minister and leader of the Eelam People’s Democratic Party (EPDP) Douglas Devenanada was arrested by the Criminal investigation Department (CID) today.
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A total of 62 dental surgeons will be joining the health service of of Sri Lanka on Monday, December 29.
India has proposed an assistance package worth USD 450 million. It will include USD 350 million in concessional Lines of Credit and USD 100 million of grants.
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