Lankaputhra Development Bank launches ‘Siyapath Pubuduwa’ in Batticaloa

Lankaputhra Development Bank (LDB) established with the aim of providing financial assistance to Small and Medium Enterprises, has earned a special place among the financial institutions in the country.

The bank is planning to introduce 14,022 entrepreneurs to the country this year as an accelerated program. Under this program Lankaputhra Development Bank will introduce one entrepreneur from each Grama Niladari Division.

The inauguration of this program was held at the Lankaputhra Development Bank head office in the presence of MP S.M. Marikkar, the bank’s Chairman Lasantha Goonawardena and the senior management.

The second stage of ‘Siyapath Pubuduwa’ commenced centring the Batticaloa District with the participation of Lankaputhra Bank Chairman Goonawardena and dignitaries of the district.

Lankaputhra Development Bank Chairman Lasantha Goonawardena gives a Siyapath Pubuduwa loan to an entrepreneur

100 entrepreneurs representing Batticaloa, Karadiyanaaru, Palukaamam and Achchimale were given Siyapath Pubuduwa loans. Entrepreneurs were selected to represent the sectors of Agriculture, Industry, Services, Self Employment, Fisheries and Tourism.

Lankaputhra Development Bank Chairman Lasantha Goonawardena said that the financial situation of the people should be strengthened for the country to progress. He said that under this scheme 14,022 will become entrepreneurs and Goonawardena was confident that all of them can be given loans by the Lankaputhra Development Bank. He said that the bank was willing to give loans to businesses which have already started operations. Lankaputhra Development Bank also provides consultation and training programs for entrepreneurs.

Parallel to the ceremony to give loans children of entrepreneurs were gifted with school equipment.

In the future Siyapath Pubuduwa loans will be given to cover the entire country.