People’s Bank partners IDB and SLIM to empower MSMEs

People’s Bank, Industrial Development Board (IDB) and SLIM exchanging the MOU

People’s Bank recently signed a Memorandum of Understanding with the Industrial Development Board (IDB) and Sri Lanka Institute of Marketing (SLIM) to develop Micro, Small and Medium Enterprises in Sri Lanka. 

This is an extension of People’s Bank’s Memorandum of Understanding with IDB to promote local industries and brands, which was implemented under the ‘Made in Sri Lanka’ loans program. ‘Made in Sri Lanka’ is a program which was introduced in line with the Government’s Vistas of Prosperity policy framework. 

To synergise this program, People’s Bank partnered with IDB and The Sri Lanka Institute of Marketing (SLIM) who will help identify deserving businesses and provide marketing consultancy for them. 

People’s Bank and the IDB hosted an event at the People’s Bank Staff Training College on 16 December to announce the partnership. After signing the Memorandum of Understanding at the event, 23 loans were granted to selected customers from across different regions in the country.

The event was attended by Minister of Industries Wimal Weerawansa, People’s Bank Chairman Sujeewa Rajapakse, Additional Secretary of Industries Ministry N.G. Panditharathne, Industrial Development Board Chairman Upasena Dissanayake, People’s Bank CEO/General Manager Ranjith Kodituwakku, Industrial Development Board Director General P.L.U Rathnamalala, Sri Lanka Institute of Marketing Chairman Roshan Fernando, People’s Bank Deputy General Manager Krishani Narangoda and other officials.