Sri Lanka, July 6 -- The Central Bank, in consultation with the Government, has introduced the Saubagya Covid-19 Renaissance Loan Scheme to provide working capital loans at 4 per cent interest rates to businesses adversely affected by the COVID-19 outbreak, through Licensed Banks, thereby supporting the revival of economic activity in the country. The total of working capital loan facilities provided by the Central Bank to be distributed among 20,240 businesses under the Loan Scheme as of July 2 exceeds Rs. 53 billion, the Central Bank said yesterday.

These loans carry a concessional interest rate of 4 per cent per annum with a repayment period of 24-months including a grace period of 6-months. This Loan Scheme is available for COVID-19 ...