August 27, 2024
Devika
State Minister Siyambalapitiya Calls for Open Dialogue on President’s Two-Year Program Criticisms
July 19, 2024State Minister for Finance Ranjith Siyambalapitiya, stated that the effective economic program of President Ranil Wickremesinghe over the past two years has brought stability to the country despite difficult circumstances.
Financial Aid Package to Revitalize Sri Lanka’s Micro, Small, and Medium Enterprises Sector
July 19, 2024- Investment loans up to Rs. 15 million at a concessionary interest rate of 7%.
- Working capital loans up to Rs. 5 million at a concessionary interest rate of 8%.
- Rs. 18 billion allocated for loan disbursement.
- 15 banks and financial institutions partner with the government for this initiative.
To advance national development, it is essential to strengthen small and medium enterprises.
- Establishment of a National Development Bank for Small and Medium Enterprises – Says President.
President Ranil Wickremesinghe announced plans to seek UNESCO’s support in a comprehensive modernization initiative for Sri Lanka’s education sector, alongside seeking assistance from the World Bank and the Asian Development Bank for these reforms.
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