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

Leading News from Sri Lanka::

* Enterprise 'Sonduru Piyasa' loan scheme grants over Rs. 5 billion to beneficiaries
Sat, Aug 17, 2019, 10:52 am SL Time, ColomboPage News Desk, Sri Lanka.

Aug 17, Colombo: 'Sonduru Piyasa' Housing Loan Program implemented under the Enterprise Sri Lanka interest subsidy loan program has so far provided Rs. 5.47 billion, Secretary to the Finance Ministry and Treasury Dr. R.H.S. Samaratunga said.

The banking system has released this money to 27440 home loan recipients, he said.

Out of the 17 concessionary loan schemes of Enterprise Sri Lanka, the largest number of beneficiaries have obtained loans under the 'Sonduru Piyasa' loan scheme, the Secretary said.

Bank of Ceylon has provided loans to 17121 beneficiaries, National Savings Bank (NSB) to 7,443 beneficiaries and People's Bank to 2,876 home owners.

Owners of the houses with less than 1,000 will be given a maximum of Rs. 200,000 to improve their existing condition. The loan repayment period is seven years. Interest rate of the loan is 6.54% for the beneficiary and the government pays 50% of the total interest to the creditor.


ColomboPage - Recent 10 Stories ::
Sri Lanka's economic growth dips to 1.6% in 2nd quarter of 2019 after Easter Sunday attack
-- [29 minutes ago]
Sri Lanka Army advises public not to be alarmed over false news published in media
-- [1 hour and 9 minutes ago]
Sri Lanka Presidential Elections on November 16
-- [1 hour and 28 minutes ago]
Japan provides USD 2 million grant aid for implementation of the Women, Peace and Security Agenda in Sri Lanka
-- [1 hour and 39 minutes ago]
Sri Lanka PM says sweeping changes needed for a leapfrog in economy
-- [8 hours ago]
Sri Lanka Administration Service calls off strike
-- [8 hours ago]
NDB opens trading at CSE to celebrate 40th Anniversary
-- [9 hours ago]
Justice Minister appreciates Boossa prison officers for meticulous action
Special announcement from UNP general secretary regarding party's candidate for presidential election
Sri Lanka President explains the finances of Rs. 19 billion South Asia's tallest telecommunication tower

Copyright © 2000, 2016 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.