Sri Lanka, April 9 -- The Ministry of Finance announced an extension of the relief period on Parate executions for Small and Medium Enterprises (SMEs), as part of the government's ongoing efforts to support the revival of the sector.

According to the Ministry, SMEs with loans below Rs. 25 million who contacted their banks on or before March 31, 2025, will now have until December 31, 2025, to benefit from relief measures. Those with borrowings between Rs. 25 million and Rs. 50 million have been given time until September 30, 2025, while businesses with loans exceeding Rs. 50 million can access assistance until June 30, 2025.

This extension follows the expiration of the earlier relief period on March 31, 2025, and is only applicable to S...