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    History-changing “Enterprise Sri Lanka - BOC Thurunu Diriya” loan disburses 81 million in 6 months

    October 18, 2018

    The Bank of Ceylon “Thurunu Diriya” loan, which is implementing under the “Enterprise Sri Lanka” program, has disbursed Rs. 81,203,000.00 worth loans within 26 weeks. This was revealed at the progress review meeting for the Uva Province which was held on 12th October2018 at the Badulla District Secretariat.

    The first ever “Thurunu Diriya” loan was granted to a young entrepreneur from Ankumbura, Kandy on 12th April 2018 and up to date, it has disbursed 182 loans among the young entrepreneurs from all corners of the island. Provincial-wise progress review meetings to review the progress of the implementation of this loan scheme was conducted island-wide from the beginning and the first round of the progress review meetings covering all the 9 provinces have already concluded.

    The “Thurunu Diriya” loan scheme, which grants loans with a simplified guarantor and no collateral requirement for qualified young entrepreneurs, was agreed to initiate by the Bank of Ceylon (BOC), as a response to a suggestion made by the Policy Development Office of the Prime Minister’s Office from the Governor of the Central Bank of Sri Lanka. The Central Programme Management Unit (CPMU) of the Ministry of National Policies and Economic Affairs, District Secretariats island-wide together with the Small Enterprises Development Division (SEDD) of the Ministry of Youth Affairs, Project Management and Southern Development, is implementing this loan scheme. Since this loan scheme has given a priority among the others, a coordinating officer from each divisional secretariat have been appointed to coordinate the implementation of this special loan scheme.

    As this loan scheme is carried out by reviewing practical issues through constant observations and follow-ups, it has been able to attract the young entrepreneurs around the country. The Western Province and Rathnapura districts lead the provincial-wise and district-wise disbursements respectively up to date.69 young entrepreneurs who qualify to receive “Thurunu Diriya” loans were identified from Uva province. Further, 10 entrepreneurs from Uva Province have already received this loan and business plans for another 32 young entrepreneurs were prepared by Small Enterprises Development Division and handed over to Bank of Ceylon. ” loan,  which is  implementing under the  “Enterprise  Sri Lanka”  program,  has  disbursed  Rs.  81,203,000.00  worth  loans  within  26  weeks.  This  was revealed at the progress review meeting for the Uva Province which was held on 12th  October2018 at the Badulla District Secretariat.

    The  first  ever  “Thurunu  Diriya”  loan  was  granted  to  a  young  entrepreneur  from  Ankumbura, Kandy  on  12th   April  2018  and  up  to  date,  it  has  disbursed  182  loans  among  the  young entrepreneurs from all corners of the island. Provincial-wise progress review meetings to review the  progress  of  the  implementation  of  this  loan  scheme  was  conducted  island-wide  from  the beginning and the first round of the progress review meetings covering all the 9 provinces have already concluded.

    The  “Thurunu  Diriya”  loan  scheme,  which  grants  loans  with  a  simplified  guarantor  and  no collateral requirement for qualified young entrepreneurs, was agreed to initiate by the Bank of Ceylon  (BOC),  as  a  response  to  a  suggestion  made  by  the  Policy  Development  Office  of  the Prime  Minister’s  Office  from  the  Governor  of  the  Central  Bank  of  Sri  Lanka.    The  Central Programme  Management  Unit  (CPMU)  of  the  Ministry  of  National  Policies  and  Economic Affairs,  District  Secretariats  island-wide  together  with  the  Small  Enterprises  Development Division   (SEDD)   of   the   Ministry   of   Youth   Affairs,   Project   

    The Bank of Ceylon “Thurunu Diriya” loan, which is implementing under the “Enterprise Sri Lanka” program, has disbursed Rs. 81,203,000.00 Worth loans within 26 weeks. This was revealed at the progress review meeting for the Uva Province which was held on 12th October
    2018at the Badulla District Secretariat.
    The first ever “Thurunu Diriya” loan was granted to a young entrepreneur from Ankumbura, Kandy on 12th April 2018 and up to date, it has disbursed 182 loans among the young entrepreneurs from all corners of the island. Provincial-wise progress review meetings to review the progress of the implementation of this loan scheme was conducted island-wide from the beginning and the first round of the progress review meetings covering all the 9 provinces have already concluded.
    The “Thurunu Diriya” loan scheme, which grants loans with a simplified guarantor and no collateral requirement for qualified young entrepreneurs, was agreed to initiate by the Bank of Ceylon (BOC), as a response to a suggestion made by the Policy Development Office of the Prime Minister’s Office from the Governor of the Central Bank of Sri Lanka.
    The Central Programme Management Unit (CPMU) of the Ministry of National Policies and Economic Affairs, District Secretariats island-wide together with the Small Enterprises Development Division (SEDD) of the Ministry of Youth Affairs, Project Management and Southern Development, is implementing this loan scheme.
    Since this loan scheme has given a priority among the others, a coordinating officer from each divisional secretariat have been appointed to coordinate the implementation of this special loan scheme.
    As this loan scheme is carried out by reviewing practical issues through constant observations and follow-ups, it has been able to attract the young entrepreneurs around the country. The Western Province and Rathnapura districts lead the provincial-wise and district-wise disbursements respectively up to date.
    69 young entrepreneurs who qualify to receive “Thurunu Diriya” loans were identified from Uva province. Further, 10 entrepreneurs from Uva Province have already received this loan and business plans for another 32 young entrepreneurs were prepared by Small Enterprises Development Division and handed over to Bank of Ceylon. Further, the officials who were
    presented at the meeting unanimously agreed to take necessary steps to increase the amount of loans disbursed by the second-round meeting, which is scheduled to be held in January next year.BOC “Thurunu Diriya” loan scheme grants loans for young entrepreneurs without a guarantor and collateral or with lenient guarantor conditions, for small-scale young entrepreneurs below the age of 40, who possess a degree or a recognized vocational certificate and who have been 3 years in business.

     

     

    Last modified on Thursday, 18 October 2018 17:20

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