Sri Lanka, July 23 -- The government has disbursed Rs. 88 billion under the Enterprise Sri Lanka loan scheme since its launch in Sri Lanka. Furthermore, a total of 55,000 loans have been distributed so far for eligible applicants under this loan scheme, Eran Wickramaratne, State Minister of Finance told the media yesterday.

Sri Lankan government announced the Enterprise Sri Lanka loan scheme in a bid to support the government vision of creating 100,000 entrepreneurs in Sri Lanka by 2020.

The Minister said further that the government has understood the needs of a new breed of young entrepreneurs and has put in place the necessary financial frameworks to support them.

"Enterprise Sri Lanka will be an ideal platform to create a conductive...