Chief Secretary of the Western Province, K.G.P. Pushpakumara, announced that a concessional loan scheme will soon be introduced to support micro and small-scale entrepreneurs in the province.
Speaking at the Colombo District Coordination Committee meeting, Pushpakumara revealed that the loan scheme will offer the following terms:
- Interest rate: 3%
- Maximum loan amount: Rs. 3 million
- Repayment period: 7 years, on a diminishing balance basis
He further noted that additional details regarding the scheme will be communicated through the Divisional Secretariats.
Meanwhile, Minister of Transport, Highways, Ports, and Civil Aviation Bimal Rathnayake announced that the long-awaited expansion and development of the High-Level Road will commence next year.