Sri Lanka has proposed expanded subsidised credit programmes for several sectors in the 2027 budget. President Anura Kumara Dissanayake said Rs. 67,687 million has been allocated for interest subsidies and refinancing to banks, expected to yield Rs. 174 billion in concessionary loans for entrepreneurs.
A housing loan scheme of up to Rs. 5 million for migrant workers carries a 10 percent interest subsidy on the first Rs. 3 million and 5 percent on the balance. Other measures include loans of up to Rs. 2 million at 3 percent for home-based tourist accommodation and loans of up to Rs. 500 million at 5 percent for fisheries businesses with export potential.
Source
The Island
Summary written by Colombo Today from reporting by The Island.
- #entrepreneurship
- #2027 budget
- #concessionary loans
- #migrant workers
- #sri lanka
