<p><img src="" alt="Featured Image"></p><p><!-- wp:html --><p>The government would introduce a concessionary loan scheme this week for small and medium scale enterprises struggling to stay afloat due to the economic crisis, Secretary to the Ministry of Industries Shantha Weerasinghe said.</p>
<p>Weerasinghe said loans would be provided at an interest rate of 7%.</p>
<p>Loans up to Rs. 5 million could be obtained under the scheme and settled in five years. There would be a grace period of six months, he said.</p>
<p>The loans would be provided through 10 State and private banks, Regional Development Bank, People's Bank, Bank of Ceylon, Sampath Bank, Seylan Bank, Commercial Bank, Cargills Bank, Sanasa Development Bank, Hatton National Bank and Nations Trust Bank, Weerasinghe said.</p>
<p>A recent study by the Department of Census and Statistics has revealed that about 20% of businesses that were operational in 2018 had been shut down by 2023. (RK)</p><!-- /wp:html --></p><p>[Category: <a href="https://feed.lankaimage.com/category/uncategorized/" rel="category tag">Uncategorized</a>]</p><p><strong>Tags:</strong> </p>
<p>Weerasinghe said loans would be provided at an interest rate of 7%.</p>
<p>Loans up to Rs. 5 million could be obtained under the scheme and settled in five years. There would be a grace period of six months, he said.</p>
<p>The loans would be provided through 10 State and private banks, Regional Development Bank, People's Bank, Bank of Ceylon, Sampath Bank, Seylan Bank, Commercial Bank, Cargills Bank, Sanasa Development Bank, Hatton National Bank and Nations Trust Bank, Weerasinghe said.</p>
<p>A recent study by the Department of Census and Statistics has revealed that about 20% of businesses that were operational in 2018 had been shut down by 2023. (RK)</p><!-- /wp:html --></p><p>[Category: <a href="https://feed.lankaimage.com/category/uncategorized/" rel="category tag">Uncategorized</a>]</p><p><strong>Tags:</strong> </p>