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Tuesday, January 12, 2010 - 05.50 GMT

Business loans for Jaffna youth

 
The youth assistance programme "Youth Business Sri Lanka" of the Ceylon Chamber of Commerce has begun a programme to provide loans to Jaffna youth to start self employment projects.

The full commitment of the first phase of the project is estimated Rs.1 million.

These loans of Rs.250, 000/- each are provided to youth between the age group of 18 - 35. The

The Government has also initiated a special loan scheme for Northern entrepreneurs under the Vaddakin Vasantham programme.

A total number of 1,875 loans to the value of Rs.264 million is disbursed under that scheme by the People's Bank and Bank of Ceylon.

In addition 5,927 beneficiaries have also registered in the People's Bank, Bank of Ceylon, Hatton National Bank and Sanasa Development Bank to obtain credit facilities under the loan scheme.

Out of the total granted, 47 percent of loans (890) have been disbursed for agricultural purposes while 28 percent (524) were for trade and service sector activities.


 
 
   
   
   
   
   

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Last modified: January 13, 2010.

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