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Govt. to grant low-interest loan for people during upcoming festive season

16 December 2020 08:05 pm - 5     - {{hitsCtrl.values.hits}}

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The Government has decided to provide low-interest loan schemes for every family to meet their expenses during the upcoming festive season.

The President's Media Division said in a statement that the loan facilities will be provided under three categories.

Accordingly, as the first scheme, people who earn a monthly income of Rs.50,000 or more can apply for a Rs. 50,000 loan.

As the second scheme, Rs. 25,000 loans can be obtained for the people who get an income between Rs. 25, 000 to Rs.50, 000.

As the third scheme, Rs.10, 000 loans could  be obtained for the people if their income is less than Rs.25,000.

The relevant loan amount will be provided from the Bank of Ceylon (BoC), National Savings Bank (NSB), Regional Development Bank and Samurdhi Bank.

Full Statement:


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  Comments - 5

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  • Mark MyWord Wednesday, 16 December 2020 09:45 PM

    What a joke, the govt should give interest free loans for festive season cos most countries gave its citizens govt grants during this pandemic.

    BigEars Wednesday, 16 December 2020 09:49 PM

    This is shows how bankrupt the Sri Lanka government is. Gota came with a bang and now the sound is hollow. The people are waiting to correct the mistake. A pavement builder cannot run a county.

    Roshan Wednesday, 16 December 2020 09:52 PM

    Please give a free allowance of Rs 15000/= to all people.You got aid so give it to the people without investing in unwarranted development at this juncture.

    Common Man Wednesday, 16 December 2020 10:12 PM

    what about the people who are not on a payroll? dispensable?

    Nadi Karunaratne Wednesday, 16 December 2020 10:17 PM

    Santa's little helpers helping out at the money printing factory. It won't end well. No problem if you have a Swiss bank account but most of us get paid in coconut currency.


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