BOC Thurunu Diriya disburses over 450 loans island-wide

The Bank of Ceylon Thurunu Diriya loan scheme has disbursed loans worth Rs. 195,919,628.00 among 459 young entrepreneurs up to date. This was revealed by the weekly progress report of implementing the Thurunu Diriya loan scheme, which was released by the Bank of Ceylon on 2 January.

Further, this report reveals that the Thurunu Diriya loan scheme has disbursed loans in all 25 districts of the island, and the district-wise loan disbursements are led by Ratnapura by disbursing 69 loans up to date. Meanwhile, the provincial-wise loan disbursements is led by Sabaragamuwa Province, by disbursing 87 loans.

This special loan scheme is implemented with the coordination of District and Divisional Secretariats island-wide, with the objective of empowering young entrepreneurs. This loan scheme provides loans for young entrepreneurs who are engaging in various businesses around the island.

The Thurunu Diriya loan scheme was implemented by the Bank of Ceylon with the assistance of the Policy Development Office (PDO) of the Prime Minister’s Office, the Central Program Management Unit (CPMU), and the Small Enterprises Development Division (SEDD) of the Ministry of National Policies, Economic Affairs, Resettlement & Rehabilitation, Northern Province Development, Vocational Training & Skills Development and Youth Affairs, to provide financial assistance to potential young entrepreneurs of Sri Lanka. 

This loan scheme provides loans without a guarantor and collateral, or with lenient guarantor conditions, for entrepreneurs below the age of 40 years, who possess a degree or a recognised vocational certificate, and who has been in the business for minimum of 3 years. 

Further details on this loan scheme can be obtained from Bank of Ceylon branches or the Divisional Secretariats island-wide.