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* Concessionary loans to electrify low income rural households in Sri Lanka
Mon, Apr 28, 2014, 10:37 am SL Time, ColomboPage News Desk, Sri Lanka.

Apr 28, Colombo: Sri Lanka's Ministry of Power and Energy has initiated a program to grant concessionary loans to the low income groups to electrify their households.

Under the program, the low income families in rural areas will be given a maximum loan of 40,000 rupees to obtain electricity facilities. They can use the loan to cover the costs of wiring and power connection to the new or existing houses without electricity.

The loan scheme will be effective from April 30th. The loan is recovered within six years in installments with a low interest rate.

The loan scheme is implemented with a US$ 3.5 million grant from the Asian Development Bank.

The first stage of the loan scheme will be implemented in Hambantota, Ampara and Ratnapura districts.

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