Finance Minister Mangala Samaraweera yesterday announced eight loan schemes with concessionary interest rates for designated sectors.
“The Government has set aside Rs 4.4 billion this year for interest subsidies of these loan schemes.We expect about 50,000 new employment opportunities by providing these incentives,” the minister said, speaking at a media brieifing which unveiled sweeping tax cuts.
The new loan schemes are based on the budgetary proposals for 2017.
Among them are Ran Aswenna and Govi Navoda loan schemes for those involved in the agricultural sector, Riya Shakthi loan scheme for those involved in school transport service, Rivi Bala Savi loan scheme for the promotion of solar power, Diri Saviya loan scheme for those involved in poultry farming, Jaya Isura loan scheme for those in the SME sector, Madya Aruna loan scheme for journalists and Sonduru Piyasa housing loan scheme for low income families.