The government has taken measures to empower women in the micro, small and medium business sector.
Accordingly. The Cabinet of Ministers approved the proposal presented by President Ranil Wickremasinghe to implement a special loan scheme to remove obstacles for women to engage in economic activities by using two billion rupees out of the twenty billion previously allocated to implement an investment scheme to re-strengthen the enterprise sector.
It is observed that women’s participation in Sri Lanka’s economic affairs is at a lower level than other regional and Asian countries. There are various reasons for this and according to the 2022 survey of Sri Lanka’s workforce, thirty-five percent of the economically active population are women.
It shows a significant disparity in the gender contribution rates of economic participation. Opportunities for accessing financial resources are limited due to reasons such as women’s limited financial literacy and lack of property or security required to obtain a loan.
