Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Sri Lanka launches program to grant concessionary loans to Divineguma beneficiary families
Wed, Aug 27, 2014, 11:38 am SL Time, ColomboPage News Desk, Sri Lanka.

Aug 27, Colombo: The Sri Lankan government will launch a programme to grant loans at concessionary rates of interest to Divineguma beneficiary families to commence self-employment and other activities.

Minister of Economic Development Basil Rajapaksa at a meeting held recently in the Ministry of Finance said the concessionary loan programme was initiated under the guidance of President Mahinda Rajapaksa.

Under the programme Divineguma beneficiary families can obtain loans ranging from Rs. 5,000 to 50,000 at a concessionary rate of 4% interest and it will be possible to obtain loans without security.

The Minister said the credit scheme will be financed from the money deposited by the Divineguma beneficiaries in Divineguma banks. The people who are burdened with heavy debts due to loans obtained from finance companies at higher rates of interest also will be able to obtain loans under this scheme to settle their loans.

ColomboPage - Recent 10 Stories
Sri Lankan President meets Canadian, Australian leaders at CHOGM
-- [7 hours ago]
Murdered businessman's father retracts statement made in support of convicted DIG
-- [8 hours ago]
Higher Education Minister ready to discuss undergraduates' grievances
-- [8 hours ago]
Human Rights Commission of Sri Lanka calls for immediate release of detainees held for a long time
-- [9 hours ago]
Sri Lankan President to leave for Paris to attend Climate Change summit
UK steps up reconciliation and human rights support for Sri Lanka
Indian Army Chief to discuss upgrading Sri Lanka's defense equipment during visit
CID records statement from Minister Rajitha Senaratne on Avant Garde Chairman's claims
Sri Lanka's power authority earns over Rs. 38 million through raids on power pirates
Sri Lanka to introduce a new Education Act in January

Copyright © 2000, 2014 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.