Sri Lanka, Oct. 9 -- The Government of Sri Lanka, working with the Asian Development Bank (ADB), has introduced a special programme for Micro, Small and Medium Enterprises (MSMEs).
This initiative allows MSMEs lacking adequate collateral to obtain loans through 13 selected banks and financial institutions, including Seylan Bank. Through the collaborative launch of the National Credit Guarantee Institution Ltd. (NCGIL), the Bank with a Heart's support reaffirms its continued commitment to inclusive financial empowerment and holistic simplified solutions aimed at strengthening national economic development.
Through the NCGIL's enabling of uncollateralised lending through partial credit guarantees, banks will be able to assess entrepreneurs ...