Sri Lanka, Dec. 27 -- State Minister of Samurdhi, Household Economy, Micro Finance, Self-Employment and Business Development, Shehan Semasinghe said the Government will streamline the entire microfinance scheme and introduce a new system giving financial literacy to the main areas affected, especially, the North, East, North Central and Uva provinces trapped in microfinance debt. He said the Government will launch an awareness campaign on financial literacy next month.

The Government through the Samurdhi Banks and other Government institutions will provide micro financing at a much lower interest rate than the current rates, the State Minister told the Sunday Observer.

He said the Government does not wish to deprive the private sector c...