Fri, 29 Mar 2024 Today's Paper

BOC offers Swashakthi loans to empower Lankan entrepreneurs

By

21 April 2017 09:58 am - 0     - {{hitsCtrl.values.hits}}

A A A

 

In response to the government initiative to generate 10 million employment opportunities, Bank of Ceylon officially disbursed ‘Swashakthi’ loans through its branch network recently. 
The official ceremony of launching ‘Swashakthi’ through BOC branches took place with the patronage of the bank’s Chairman, Ronald C. Perera and the participation of the General Manager D.M. Gunasekera, Deputy General Manager C. Amarasinghe and other members of Corporate and Executive Management. To mark the occasion several deserving BOC Customers were granted funds on this day.
The Central Bank together with the Ministry of National Policies and Economic Affairs has structured the ‘Swashakthi’ loan scheme with the objective of enhancing entrepreneurship and employment opportunities in the country. Within the scheme a deserving person who wishes to start-up a business can obtain a loan amount of Rs. 200,000 and Rs.50,000 as a grant altogether Rs.250,000 and if a person is already engaged in a small scale business, he can obtain a loan amount up to a maximum of Rs.250,000 . Customers who are entitled for this loan facility can enjoy 5.5 percent concessionary interest rate and a flexible repayment period up to a maximum of 5 years depending on the type and nature of the business. This project is aimed at improving the contribution of the country’s unemployed graduates, youth and women and also differently-abled persons towards economic growth. Special reference is given to applicants who are between the ages of 18 to 45 years when being considered for this facility. The bank also readily provides advisory services for these entrepreneurs to manage their 
financial matters. 
Equipped with the best-in-class customer service and some of the best banking technologies, the Bank of Ceylon hopes to promote these government aided development initiatives further for a comprehensive socio-economic growth.


Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

  Comments - 0

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment





Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

VAT increase: SOUNDs death knell for publishers, readers

Though the Government imposed VAT (Value Added Tax) on vegetables and other e

How female change-makers are driving Sri Lanka’s energy saving platform

Saving energy has become more of a responsibility than a habit in today’s c

A dull Ramadan awaits Muslims amidst the Soaring Cost of Living

In the coming days, Muslims across the world will welcome the Holy Month of R

New wildlife underpass to curtail HEC

As of February 2024, Sri Lanka lost another 38 elephants as a result of the H

MIRROR CRICKET

More