Loan scheme for private bus operators | Daily News

Loan scheme for private bus operators

A loan scheme has been launched as an incentive and encouragement to private bus operators who have been hit hard by the COVID-19 pandemic, Transport Minister Gamini Lokuge said. The Government has taken this decision in view of the huge losses suffered by the private bus sector as a result of the Coronavirus lockdown that hampered their operations.

 

 


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Loan scheme for private bus operators

Irangika Range

A loan scheme has been launched as an incentive and encouragement to private bus operators who have been hit hard by the COVID-19 pandemic, Transport Minister Gamini Lokuge said.

The Government has taken this decision in view of the huge losses suffered by the private bus sector as a result of the Coronavirus lockdown that hampered their operations.

“Following a request made by private bus owners, the Government has decided to issue loans for private bus owners under concessionary interest rates,” Minister Lokuge said.

Accordingly, private bus owners will be issued a loan of Rs.300,000 on an interest of 4 percent and another sum of Rs.50,000 to purchase ticket machines. The relevant cheques in this regard were issued to 27 private bus owners initially by the Transport Minister at a ceremony held recently.

Minister Lokuge said the Government is well aware of the difficulties faced by private bus operators due to the pandemic. The Ministry also praised the Bank of Ceylon and People’s Bank which came forward to implement this loan scheme.

The Minister added that the Government will take all possible measures to help maintain the private bus industry. “It is our target to provide passengers a comfortable and punctual bus service,” the Minister said.