Sri Lanka’s Enterprise Sri Lanka exhibition helps build entrepreneurs in the Northern Province
Sri Lanka’s Finance Ministry has stated that the “Enterprise Sri Lanka” exhibition launched during the weekend aims at building entrepreneurs in the northern Jaffna peninsula.
The Ministry has stated that subsidized credit will be available to entrepreneurs including those wanting to start businesses native to the area.
“New entrepreneurs who expect to develop industries which are native to Jaffna district such as industry, agricultural, fisheries and tourism sectors could be able to obtain loans at concessionary interest rates at this exhibition,” a statement by the Ministry has stated.
“Loans under concessionary interest rates starting from minimum of one hundred thousand up to 750 million rupees could be obtained and the educated young prospective entrepreneurs of Jaffna who are seeking for such an opportunity will be able to reap benefits from this scheme.”
This exhibition is open for the public from 10 am to 12 midnight daily at Mutraweli in Jaffna from September 7 to September 10.
Bank of Ceylon, People’s Bank, National Lotteries Board and Development Lottery Board along with the Finance Ministry will be among the main sponsors.
According to the Ministry, the Bank of Ceylon and People’s Bank have served the public and businessmen of the North and Wanni even when the areas were under Tamil Tiger control.
There will be 11 counters by state and private banks and government consulting services.
“Visitors to this exhibition can obtain the necessary information, instructions and guidance to apply for concessionary loans to start business ventures from self employment to small and medium scale projects from these special counters,” the Finance Ministry has added.
OSL take:
The economic and development policies of the government of Sri Lanka are aimed at developing regional economies in all parts of the country. Sri Lanka’s Northern Province is fast becoming an emerging economy with the development of the Palaly Airport as a regional airport and the Kankasanthurai harbour. There are already many foreign businesses/investments that have entered the country’s Northern Province. Foreign businesses/investors could explore business/investment opportunities in Sri Lanka’s Northern Province.
| Article Code : | VBS/AT/11092019/Z_2 |