President Anura Kumara Dissanayake said the 2027 budget allocates Rs. 67,687 million for interest subsidies and refinancing to banks. This is expected to channel Rs. 174 billion in concessionary loans to entrepreneurs through state and private banks.
Proposed measures include a housing loan of up to Rs. 5 million for migrant workers, with interest subsidies shared by the Government and the Sri Lanka Bureau of Foreign Employment. Home-based tourist accommodation operators may borrow up to Rs. 2 million at 3 percent.
A Rs. 20,000 million pledge loan scheme for paddy mill owners is also planned, alongside a group loan scheme for women-headed families through the Samurdhi Bank.
Source
The Island
Summary written by Colombo Today from reporting by The Island.
- #budget 2027
- #interest subsidies
- #concessionary loans
- #migrant workers
- #sri lanka
