The government has introduced a special loan scheme for the festive season through the state banks at an interest of 0.625 payable in 10 months during the period of January to October 31, 2021, the President’s office announced yesterday.
The schemes consists of three categories: Rs. 50,000 for those whose income is over Rs. 50,000 a month. 2) Between Rs 25,000 and Rs. 50,000, Rs. 25,000 and 3) for those who earn less that Rs. 25,000, Rs.10,000.
The loans could be obtained from the Bank of Ceylon, Peoples Bank, the National Savings Bank, Provincial Development Bank and the Samurdhi Bank.
Government pensioners and Samurdhi beneficiaries would have to apply for the loans through the Pensions Department and the Samurdhi Bank.
By Sanath Nanayakkare
The government was confident that it could attract foreign direct investments (FDIs) worth US$ 2.5 billion next year, State Minister of Money and Capital Market and State Enterprise Reforms Ajith Nivard Cabraal said yesterday.
He said so while speaking at a virtual forum held to mark the 4th annual investment conference of Asia Securities.
“This is a reasonable and realistic FDI value Sri Lanka targets for next year having created the right investment environment. The Port City is set to bring in US$ 1 billion, the Hambantota Tyre facility US$ 300 million – 75% of it will come next year – the Pharmaceutical Zone will bring in US$ 200 million and some more investments will come into the education sector, among others.