BOC disburses 290 ‘Thurunu Diriya’ loans worth Rs. 125.4 m

Saturday, 17 November 2018 01:01 - - {{hitsCtrl.values.hits}}

The Bank of Ceylon ‘Thurunu Diriya’ loan scheme has disbursed Rs. 125,458,000 worth loans among 290 young entrepreneurs up to date, according to the Prime Minister’s Policy Development Office.

It said this is a 10% growth compared to the previous week.

This was revealed by the weekly progress report of implementing the ‘Thurunu Diriya’ loan scheme which was released by the Bank of Ceylon on 14 November.

Further, this report reveals that the provincial-wise loan disbursements are led by Western, Sabaragamuwa and Southern Provinces by disbursing 54, 52 and 44 loans respectively, while the district-wise loan disbursements are led by Ratnapura, Kalutara and Ampara Districts by disbursing 42, 23 and 22 loans respectively.

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 businesses related to various fields such as beauty culture, automobile repairing, garments, Information Technology (IT), agriculture, etc.

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 recognized 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.