‘BOC Thurunu Diriya’ grants loans worth over Rs. 200 m

The ‘Bank of Ceylon Thurunu Diriya’ loan scheme has disbursed loans worth over Rs. 200 million among 473 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 9 January 2019.

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 72 loans up to date. Meanwhile the provincial-wise loan disbursements is led by Sabaragamuwa Province by disbursing 91 loans.

This special loan scheme is implemented with the coordination of District and Divisional Secretariats island-wide with the objective of empowering the young entrepreneurs. This loan scheme provides loans for young entrepreneurs who are engaging in various business from 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 Programme Management Unit (CPMU) and the Small Enterprises Development Division (SEDD) of the Ministry of National Policies, Economic Affairs, Resettlement and Rehabilitation, Northern Province Development, Vocational Training and 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 three years. 

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