Thurunu Diriya disburses loans worth Rs.274 mn by April 3 | Daily News

Thurunu Diriya disburses loans worth Rs.274 mn by April 3

The Enterprise Sri Lanka Thurunu Diriya Loan Scheme, which was implemented to empower young, small and medium-scale entrepreneurs, has disbursed loans worth more than Rs.274 million among 664 beneficiaries by the first week of April. This was reported in the weekly progress report issued by Bank of Ceylon on April 3.

The scheme has been disbursing loans in all 25 districts in the island. All districts and provinces have disbursed loans among young entrepreneurs, while district-wise and provincial-wise loan disbursements are led by the Ratnapura District and the Sabaragamuwa Province; distributing 104 and 131 loans, respectively.

A nine-percent-increase in the loan disbursement range was noted in the Central Province compared to the previous week. A 10-percent-increase in the loan disbursement range was noted in the Matara district at the Thurunu Diriya progress meeting held on March 22.The

Thurunu Diriya loan scheme is implemented by the Bank of Ceylon, with the assistance of the Policy Development Office (PDO) of the Prime Minister’s Office, the Central Programme Management Unit (CPMU), and the Small Enterprises Development Division (SEDD) of the Ministry of National Policies, Economic Affairs, Resettlement and Rehabilitation, Northern Province Development and Youth Affairs, to provide financial assistance to potential young entrepreneurs in the country.

The loan scheme provides loans without a guarantor and collateral, or with lenient guarantor conditions, for entrepreneurs below the age of 40 years who poss a degree or a recognised vocational certificate, and who has been in the business for a minimum of three years.


 

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