Finance Ministry to reorganise Enterprise Sri Lanka loan scheme

The Ministry of Finance, Economic and Policy Development will review and reorganise the Enterprise Sri Lanka concessionary interest rate loan scheme in order to bring it into line it with the policies of the new government.

In a media statement today (26 Nov) the ministry said that the government clearly recognizes that incentives for SMEs to continue to contribute to the national economy through concessionary interest rate loans are a major factor in the country’s economic growth.

“The new government’s position is that existing credit schemes should be identified and implemented in priority areas of the national economy,” it added.

Therefore it said that it is necessary to review and reorganise this loan scheme in order to identify the key sectors of the economy and increase their contribution to the national economy.

Further, the ministry said that after a systematic study, the Government will take measures to strengthen those credit lines with a wider scope focusing on more effective investment objectives.

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