Jayadiri from Lankaputhra Development Bank for young entrepreneurs
Lankaputhra Development Bank a fully fledged government bank launched
the Jayadiri loan for young entrepreneurs who have started to climb the
ladder of success. The loan scheme not only offers financial assistance
away from traditional collateral based lending but also
providesknowledge and advice on how to start and develop a business
successfully.
The loan scheme is for youngsters who want to start a business of
their own and succeed. As a Government bank Lankaputhra Development Bank
carefully planned the loan scheme to cater to the needs of the youth who
are business minded but lack financial resources.
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The Chairperson Lankaputhra
Development Bank, Kumudini Kulatunga hands over the first
cheque under the Jayadiri loan scheme to the Managing
Director of Edirisinghe Gems and Jewellers Milinda
Edirisinghe while LDB, General Manager/CEO Lasantha
Amarasekera, AGM, (Credit) Ranjith Dissanayake, Chief
Financial Officer Sumeda Edirisuriya, Head of Human
Resources Gamunu Samarawickrama and Manager Colombo Branch
Asoka Fernando are also seen. Deepika Navaratha, Manager
Marketing and Business Development |
Recently the first loan under Jayadiri was disbursed to an
entrepreneur who plans to design and export jewellery made with natural
pearls.
Any youth who has a strong business capability and is willing to take
challenges and win, will be given priority when giving loans. A feasible
business plan as well as the product or service that is capable of
winning the market is essential to be eligible for a loan.
Entrepreneurs who are aged between 18-35 and are capable of providing
at least 20 percent of the project cost will be considered on a priority
basis.
Jayadiri offers loans to any projects which introduces a new
innovative and marketable product or service, a new business process,
manufacture of import substitute or a business that uses modern
technology for a traditional business.
The project should be a new start up or an already started business
which operates in micro level due to non availability of funding for
expansion. The customer should demonstrate his/her commitment to the
project and keenness to develop as an entrepreneur.
Lankaputhra Development Bank a fully fledged government Bank was
opened to strengthen the local economy by supporting the entrepreneurs
of the country.
The bank has initiated many loan schemes to support the Small and
Medium scale entrepreneurs in the country.
In addition to the savings scheme for children with attractive
interest rates, leasing and pawning services are also offered by the
bank.
At present the bank has branches in Colombo, Hambantota, Polonnaruwa,
Kegalle, Kandy, Wennappuwa, Trincomalee and Batticaloa. The bank is
planning to open a branch in every district of the country to cater to
the needs of our valued customers. |