Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

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
Former President says irregular appointment of HC judge threatens independence of judiciary
-- [5 hours ago]
Two more soldiers arrested over assault on journalist Keith Noyahr
-- [6 hours ago]
India, Sri Lanka finalizing plans to restart ferry service
-- [7 hours ago]
WHO supports Sri Lanka's initiative to establish a centralized national consumer product testing lab
-- [7 hours ago]
Three Army personnel arrested for 2008 assault on Journalist remanded
Sri Lankan President urges politicians and government officials to work together for the benefit of the country
Sri Lankan woman nabbed attempting to smuggle 11 kg of pangolin scales
Indian Foreign Secretary arrives in Sri Lanka
Sri Lanka PM launches water supply project in Hemmathagama
Sri Lanka Army refutes allegations of sexual exploitation of Tamil women

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, 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 LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.