"Enterprise Sri Lanka" loan scheme launched by the President

COLOMBO (News 1st) - President Maithripala Sirisena launched the 'Enterprise Sri Lanka' Loan Scheme today. (June 22). It was launched as per a 2018 Budget Proposal with the aim of converting Sri Lanka into a haven for entrepreneurs. Under this program, entrepreneurs will be provided with three different loan schemes named Ran Aswenna, Govi Navoda and Riya Shakthi. Addressing the function, President Sirisena stated that if the state banks are making massive profits, it is important the profits are equally shared among the people as investments among the local entrepreneurs. The President noted that"Almost 60 Billion rupees will be awarded as loans to entrepreneurs since it is important to encourage them." Prime Minister Ranil Wickremasinghe who also graced the event stated that there was a time that the country was not even able to repay debts let alone provide loans to the people. Wickremasinghe bragged that the country received the numerous investments last year and also recorded the highest exports. "This program displays the success of our program to strengthen enterprises and build a strong economy and create job opportunities" continued the Prime Minister. Minister of Finance and Mass Media, Mangala Samaraweera noted that orders have been issued to create an Enterprise Sri Lanka desk at every bank and that in addition, a relationship manager needs to be appointed to meet the needs of the youth or the elderly who arrive to obtain the services.