CBSL disburses Rs 4.6 b to North

Since mid 2009, the Central Bank of Sri Lanka (CBSL) has been actively engaged in promotion of livelihood and income generating activities (IGAs) among the conflict affected households and resettled Internally Displaced Persons (IDPs) in the Northern Province.

For this purpose, in keeping with the government's vision, the CBSL, by allocating Rs 3,000 million, introduced a separate credit line named "Awakening North" which was exclusively designed for meeting the requirement of conflict affected businesses/IGAs in the Province.

Further, a special Credit Guarantee Scheme was introduced to promote development credit through Participating Financial Institutions (PFIs).

In addition to the above, activities under Poverty Alleviation Microfinance Project - PAMP II Prabodini were also extended into the Jaffna Peninsula in 2009.

To make the people aware on facilities available under the formal financial sector and to promote financial inclusiveness among low income groups, CBSL has been engaged in a financial literacy programme since mid 2009. During last two year period, CBSL conducted 571 such awareness programmes addressing 35,250 people in the Northern Province.