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Wednesday, August 20, 2014 - 6.32 GMT
President urges banks to increase involvement in rural development projects


President Rajapaksa called on the State Banks to dedicate to extending a more cordial and efficient service to the people, while supporting the new development programme. A special discussion with representatives of the State Banking and Insurance Sector was summoned by the President at Temple Trees on Monday (August 18). The intention of this discussion was to solicit views of those representing the State Banking and Insurance Sectors in the crafting of the 2015 Budget.

The President said that the Banks should get involved in development activities. Pointing out that the living standards of the rural folk were reaching high levels along with the new development programmes launched by the Government, the President urged the State Banks to dedicate themselves to providing a cordial and efficient service particularly to the rural customers who approach them.

The President said that small entrepreneurs in rural areas had made complaints to him on many difficulties they have experienced when transacting with the Banks. He advised the Banks to initiate action to direct more attention to these small entrepreneurs and upgrade their activities.

The President also said that he consulted the Banking and Insurance Sector before crafting the budget.

The President mentioned that he believed that the Banks should get involved and go forward with the country’s development. As such prominence was being given to the issues faced by the Banks and the insurance sector before the preparation of the budget. The Banking system should not be a hindrance to the people.

An opportunity should be afforded to the people to have easy access to Banks, he further said.

Ministers Basil Rajapaksa and Jagath Pushpakumara, Finance Secretary Dr. P.B. Jayasundera, Central Bank Governor Ajith Nivard Cabral and many Government officials were present at this discussion.





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Last modified: August 20, 2014.

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