The Central Bank (CB) has disbursed Rs.179 billion to provide immediate financial support for small and medium-enterprises (SMEs), which have been severely affected by the corona virus disease up to last month, CB Governor Prof. Professor W. D. Lakshman disclosed on Thursday.
Answering a question raised at the virtual Press Conference on Monetary Policy Review - November 2020, he noted that these refinance facilities have been provided through respective participatory banks at concessionary interest rate to majority of applicants.
The balance number of applicants will be provided with the loan facility soon, CB sources said without indicating the exact number.
The Asian Development Bank (ADB) has approved a $165 million loan to Sri Lanka to extend immediate financial assistance for COVID-19 hit SMEs.
This financing facility amounting to around Rs. 30 billion will be disbursed mainly among underserved SMEs, including businesses led by women and tea smallholders, Deputy Governor K. M. Mahinda Siriwardana said.
The new financing will build on the ongoing Small and Medium-Sized Enterprises Line of Credit Project, which ADB approved in 2016 to strengthen SMEs’ access to finance, official sources revealed. (BS)
I still remember the day of August 1947 floods, as it was the last school day at Kingswood College Kandy and the height the water soured. Water rose to the height of the Cross of the Chrurch at Getambe and the water was so high that it engulfed the Getambe Rajaponawarma Temple leaving only a few leaves of the Bo-tree visible.
The Colombo Additional Magistrate has ordered the Criminal Investigations Department (CID) to investigate and submit a report over a complaint about the alleged illegal assets gained by model Piumi Hansamali.
Heritage properties are major tourist attractions world over. Sri Lanka is no exception in this matter. From Colombo, Galle, most of the mountain cities including Nuwara Eliya, Bandarawela, Hatton and Kandy and in the North, hundreds of heritage properties are spread across.
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