Sri Lanka, Dec. 11 -- The government has decided to implement a new loan scheme named (RE-MSME - Disaster Relief) in order to revitalize micro, small and medium scale entrepreneurships that was devastated by the disaster by consolidating the loan schemes SMILE - III for industrial and production sector investments, E - FRIEND - II for environmental friendly financing and (RE - MSME) for revitalizing the micro, small and medium industries sector that is financed by the state.

Accordingly, the Cabinet of Ministers had granted approval to the proposal to introduce the 'RE-MSME PLUS' loan scheme from next year. It is expected to introduce instant and medium financial concessionary actions towards approximately 130,000 entrepreneurs.

Under t...