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| Wednesday, 23 February 2005 |
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Rs. 5 b more for Susahana loan scheme by Shirajiv Sirimane The Treasury will provide a further Rs. 5 billion towards the Susahana loan scheme of the Central Bank to rebuild the tsunami affected enterprises. Central Bank official Rose Cooray said that over 5000 loan applications worth Rs. 5.01 billion for the Susahana loan scheme had been received upto yesterday. "This is why we decided to request for more finances from the government for this scheme to continue and the Secretary to the Treasury has promised a further Rs. 5 billion," she said. She said that entrepreneurs from the North East provinces too have sent several applications. "Initially, the maximum amount of a loan was Rs. 5 million but it is now increased to Rs. 10 million. The loan applications between Rs. 5 million to Rs. 10 million would be personally processed by the Central Bank on a case by case basis. The loans would be provided at a 6 percent interest rate and for the first year no interest would be charged. The loan would have a eight year repayment period. Many Hotel Associations in the South and in Arugambay have appealed to both the Minister of Tourism and the Sri Lanka Tourist Board to provide them a loan scheme for around Rs. 10 million. Meanwhile, the Central Bank said last week that a sum of Rs.5,973.9 million has been received by the government, non-Governmental Organisations and others in Sri Lanka as private, foreign and local donations through banking channels towards tsunami disaster relief. This includes Rs.1,000.7 million received by the Government through the Central Bank and the two state banks. |
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