Apr 12, Colombo: A loan scheme launched especially to encourage female entrepreneurs in Sri Lanka to be self-sufficient has been successful, an official said.
Keshala Jayawardena, the Chairperson of the Regional Development Bank (RDB) has said that the loan scheme launched with the objective of encouraging female entrepreneurs to be self-sufficient has been a success.
According to the official, the Bank has made arrangements to grant loans to 50 female entrepreneurs from each of its 267 branches in the country. The RDB aims to grant loans to 13,400 women the official said.
The loans up to Rs, 250,000 given under the scheme are interest-free. The loans have period of three years to be settled. The beneficiaries have to pay a low monthly installment.
Sri Lankan President Mahinda Rajapaksa introduced the loan scheme for female entrepreneurs in the Budget presented for this year. It was launched on March 8th to coincide with the International Women's Day.