Int’l Alert to invest 6.3 million for YBSL

Lumbini Edirisinghe

Youth Business Sri Lanka (YBSL) and the International Alert have introduced a loan-supporting scheme for local youth to enhance entrepreneurship.

Initially they will be starting from three districts. Gradually the programme will expand to eight districts. (IA) is giving 80% recovery rate for young entrepreneurs.

Speaking to the Daily News Business, National Programme Manager of Youth Business Sri Lanka, Sujeewa Rathnakumara said,”We are mainly targeting people who are handicapped, socially and mentally, orphans and youth who do not have permanent residences, assets or training.”

YBSL programme targets disadvantaged youth, aged 18 to 35, who have a viable Business idea, but could not release their ideas, mainly due to lack of Capital.

The funds will also be used in providing training and technical competencies to the national officers and regional bodies, who will implement the YBSL programme islandwide.