ECONOMYNEXT – Sri Lanka will re-finance bank loans of up to 25 million rupees for large business and million rupees for small business for cyclone struck businesses, President Anura Kumara Dissanayake said. “The government will give the funds to the banks,” President Dissnayake said. “Bank will give the loans to the businesses based on the damage they suffered. “Banks will charge about 2 to 3 percent to administer the loans. The government will not charge anything.” The funds will be for working capital. Small businesses will get 250,000 to a million rupees. Industries that registered with the Ministry of Industries…
Sri Lanka govt to re-finance cyclone relief bank loans of up to Rs25mn at 2-3-pct: President
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