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Tuesday, January 25, 2011 - 5.07 GMT

Support for rice flour producers

 

The Central Bank, in association with several key stakeholders and two State Banks has launched a loan scheme to facilitate entrepreneurs to establish rice flour factories with state-of-the-art milling technology.

The scheme named as “Viskam Loan Scheme” has been established to promote rice based industries in the country with a view to utilize excess rice to produce value added agro-based products such as confectionery and bakery items including bread.

Under the Loan Scheme, the Central Bank has granted refinance loans to two State Banks to set up two such factories using latest milling technology to produce rice flour that contains particles with less than 120 micron in size which is ideal for confectionery and bakery products.

The first Rice flour industry under this programme commenced operations at Veyangoda, in the Gampaha District. The Central Bank expects to promote 25 more such industries throughout the country in the near future.


 


 

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Last modified: January 25, 2011.

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