Sri Lanka, June 30 -- A concessionary pledge loan scheme for Small and Medium Scale (SME) Paddy Millers and Cooperative Societies has been introduced to purchase paddy in the 2025 Yala season.

The program will be implemented from July 1 to November 15, the Ministry of Finance has announced.

This has been introduced in order to maintain a reasonable price for farmers in the Yala season.

Under the concessionary interest rate, SME Paddy Millers and Cooperative Societies who have a maximum daily milling capacity of 25MT will be issued loans.

All borrowers should have a valid Business Registration obtained from a relevant government institution, and a license issued by the Paddy Marketing Board, the Finance Ministry noted.

Under the loan ...