Sri Lanka, Jan. 13 -- The Central Bank of Sri Lanka is to issue directives to the banking sector on the concessionary loan package proposed by the government to uplift Small and Medium Scale Enterprises (SMEs) with a faulted business having failed to repay their loans. The concessionary loan package was proposed under the instructions of President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa.
"According to the concessionary loan package, the entrepreneurs blacklisted by the Credit Information Bureau shall be able to obtain a loan not less than Rs.300 million each," Finance Ministry Secretary S.R. Attygalle told the media yesterday."The concessionary loan package shall also include several more directives beneficial to the said e...