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* Interest free loan scheme for women entrepreneurs in Sri Lanka launched
Sun, Mar 9, 2014, 04:55 am SL Time, ColomboPage News Desk, Sri Lanka.

Mar 08, Colombo: Marking the International Women's Day, Sri Lankan President Mahinda Rajapaksa Saturday launched the 'Liya Isuru' interest free loan scheme for women entrepreneurs in the country.

Under the free loan scheme for women entrepreneurs announced in the 2014 Budget and implemented by the Regional Development Bank women entrepreneurs can get an interest free loan of maximum Rs. 200,000 irrespective of their age without need for collateral.

The government has allocated Rs. 3.2 billion for the loan scheme in the first stage. This is the first time such a loan scheme has been implemented in the country.

Addressing the function held at the Sugathadasa Indoor Stadium in Colombo to launch the loan scheme Saturday, President Rajapaksa said Sri Lanka setting an example to the world, always gives priority to women and the Sri Lankan women are holding important positions in many prominent sectors and winning the world.

The President appreciated the contributions being made by the women for strengthening the economy of this country.

At the function today the President presented loans to 1,500 women representing the entire island.

Ministers Basil Rajapaksa and Tissa Karaliyadde, Parliamentarian Duminda Silva, Finance Secretary Dr. P.B. Jayasundera and Provincial Development Bank Chairperson Keshala Jayawardena were among those present on the occasion.

(Photos by Chandana Perera)

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