Sri Lanka has proposed several concessionary credit programmes in the 2027 budget. President Anura Kumara Dissanayake said Rs. 67,687 million has been allocated for interest subsidies and bank refinancing, with about Rs. 174 billion in concessionary loans expected through state and private banks.
Schemes include a housing loan of up to Rs. 5 million for migrant workers, and loans of up to Rs. 2 million at 3 percent for home-based tourist accommodation. Fisheries enterprises and paddy mill owners are also covered.
Samurdhi Bank loans of up to Rs. 5 million at 4 percent will go to rural entrepreneurs who employ at least five Aswesuma beneficiaries.
Source
Island.lk
Summary written by Colombo Today from reporting by Island.lk.
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- #2027 budget
- #interest subsidies
- #concessionary loans
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