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Loans for gem sector

Lanka Puthra Development Bank is to implement a new loan scheme for those who are engaged in the gem and jewellery industry and small and medium scale entrepreneurs.

The loans up to maximum of Rs. one million will be granted at an interest of 15 per cent under this scheme which has been introduced by the National Gem and Jewellary Authority. (NGJA)

This loan could be utilised to purchase gems and the bank in turn will accept cut and polished gems as debt security.

Any registered small or medium entrepreneur involved in the gem and jewellery industry can apply according to NGJA.