Central Bank and the Government of Sri Lanka, under the refinance facility under the Saubagya (Prosperity) Loan Scheme, named Saubagya Covid-19 Renaissance Facility, have approved 13,861 loan applications under Phase-I of this scheme, totaling Rs. 27.9 billion.
Out of this, licensed banks have already disbursed Rs. 14.8 billion among 7,274 affected businesses island-wide as at June 24. These loans carry a concessional interest rate of 4 per cent with a grace period of 6-months and a repayment period of 24-months, the Bank said in a media release.
Further, the Central Bank said it now stands ready to provide a further Rs. 120 billion at a concessionary rate of 1 per cent to commercial banks for on-lending to the affected businesses at a concessionary rate of 4 per cent under the Phase-II of the Scheme.
The Committee on High Posts has approved the nomination of Former Air Force Commander Air Chief Marshal (Retd.)
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
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