Sri Lanka, Dec. 20 -- The Minister of Labour and Deputy Minister of Finance and Planning, Dr. Anil Jayantha Fernando, has explained a comprehensive set of loan relief measures aimed at supporting individuals and businesses affected by the recent disaster situation across the country.

Issuing a statement to the media, the Deputy Minister said that borrowers impacted by the disaster who have already obtained loans, either as individuals or business entities, have been requested to be granted a grace period of three to six months for the repayment of capital and interest, or both at once.

During this suspension period, financial institutions have been instructed not to charge interest above the applicable contract interest rate and to ensu...