Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* ONUR designs Enterprise Based Village Development Project to boost entrepreneurship in Sri Lanka's North and East
Fri, Mar 17, 2017, 09:18 pm SL Time, ColomboPage News Desk, Sri Lanka.

Mar 17, Colombo: Office for National Unity and Reconciliation (ONUR) chaired by former President Chandrika Bandaranaike Kumaratunga has conducted an extensive survey with the District Secretaries of Eight Districts in Northern and Eastern provinces resulting in the design of an Enterprise Based Village Development Project (EBVDP).

On submission of the Cabinet Memorandum by the President as the Minister of National Integration and Reconciliation, the Cabinet of Ministers has approved the Project last week and expected to be formally launched towards the end of March 2017, according to the Government Information Department.

The project is designed to be implemented in Northern and Eastern Provinces, which have been affected the most due to the conflict and in need of an Entrepreneurship life cycle to reap the benefits of untapped economic potential.

In this context, the Enterprise Based Village Development project (EBVDP) is specifically identified as a priority for uplifting the living standards of conflict affected entrepreneurs including women headed households, war widows and unemployed youth. The project would span across 113 villages in North and East, assisting to uplift their income generation activities, through 1,785 selected entrepreneurs. Total value of the project is Rs. 446 million which will consist of both credit and grant components.

The loan scheme with a Maximum value of individual loan as Rs. 250,000 is to be implemented through a state and a private bank. Out of the entire loan amount 25 percent of the total estimated cost of each individual business plan will be borne by the ONUR as a grant and interest of the loan component will be met by ONUR on behalf of the beneficiaries.

 


ColomboPage - Recent 10 Stories ::
Sri Lanka Investment and Business Conclave 2017 to kick off on May 30 in Colombo
-- [9 minutes ago]
Sri Lanka university authorities decide to suspend scholarships to undergraduates protesting and boycotting lectures
-- [56 minutes ago]
Factories in Sri Lanka asked to generate their own electricity as dry weather continues
-- [2 hours ago]
Sri Lanka Navy to release 100 acres of land in Mullikulam for people
-- [3 hours ago]
Japan donates a fully equipped Ambulance to Sri Lanka Air Force
Indian nationals smuggling foreign currency and Wallapatta arrested in Sri Lanka
Sri Lanka prepares to hold UN Vesak Celebrations for first time
No bilateral agreements during Indian PM's visit to Sri Lanka, President clarifies
Sri Lanka Bureau of Foreign Employment earns Rs. 1.2 billion in profits for the first time
Minister suggests revising water supply charges for the economic stability of water board

Copyright © 2000, 2016 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.