Sri Lanka, Jan. 12 -- The Government will introduce a debt relief package to revive the cash trapped Small and Medium Enterprise (SME) sector, providing financial freedom and stimulus to this important economic segment.
"The Monetary Board has approved the assistance package and all licensed commercial banks will be directed to provide relief to ailing SMEs to enable them to carry on their commercial activities in a sustainable manner. The government considers the SME sector to be a key economic driver of the country and hence expects them to contribute more towards the national economy deriving the maximum benefit from the revival measures taken by the government," State Minister of Development Banks and Loan Schemes, Shehan Semasinghe sa...