Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Cabinet nod to extend concessionary loan facilities under the 'Enterprise Sri Lanka' Programme
Thu, Oct 4, 2018, 09:53 am SL Time, ColomboPage News Desk, Sri Lanka.

Oct 04, Colombo: Minister of Finance and Mass Media Mangala Samaraweera has proposed to extend the benefits of the concessionary loan schemes under the 'Enterprise Sri Lanka' Programme to include several other groups.

Accordingly, the cabinet of ministers has approved Minister Samaraweera's proposal to extend benefits to enable those who are engaged in the technical field, the professionals who hold the certificate of National Vocational Qualification (NVQ) level 5, 6 and 7, those who are engaged in small scale animal husbandry sector, those who manufacture packing material using bio degradable items and to those who seek investments to set up Day Care Centers.

The Minister has also received cabinet approval to implement a new concessionary loan scheme to provide concessions for the Product Design Engineering Companies which initiate Mechatronics enabled Economic Development.

The Cabinet has previously granted approval to explore the possibility of providing long term loan facilities with concessionary terms for the Product Design Engineering Companies (PDEC) to design the products locally and internationally, prototyping and commercializing through the loan schemes which are being implemented under the 'Enterprise Sri Lanka Programme' and to pursue action accordingly.

 

ColomboPage - Recent 10 Stories ::
Three UPFA MPs crossover to Government
-- [3 hours ago]
Mahinda Rajapaksa appointed as the Opposition Leader of Sri Lanka parliament
-- [3 hours ago]
High profile US delegation visits Sri Lanka's Port of Colombo
-- [3 hours ago]
Bond scam suspects Arjun Aloysius and Kasun Palisena further remanded till 1st of January
-- [4 hours ago]
UPFA to nominate Mahinda Rajapaksa as Opposition Leader
-- [4 hours ago]
Plans to release over 263 acres land in North and East before end of the year
-- [4 hours ago]
The Air Conditioning market in Sri Lanka growing, demand for HVAC products - Market Report
-- [5 hours ago]
Sri Lanka Parliament to convene today, UNP assigned seats on government side
-- [5 hours ago]
Sri Lanka's manufacturing, services sectors slow down in November 2018
Sri Lanka Army had released over 69,000 acres of land in North and East since 2009

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.