The Ministry of Finance has launched a special program to prevent people from resorting to microfinance institutions to obtain loans at high-interest rates.
State Minister of Samurdhi, Household Economy, Micro Finance, Self Employment and Business Development Sheshan Semasinghe stated that Rs. 300,000 will be released to Samurdhi community-based organizations.
Accordingly, the public will be able to obtain a loan of Rs. 10,000 at concessionary interest rates through Samurdhi Community Financial Organizations.
State Minister of Samurdhi, Household Economy, Micro Finance, Self Employment and Business Development Sheshan Semasinghe stated that Rs. 300,000 will be released to Samurdhi community-based organizations.
Accordingly, the public will be able to obtain a loan of Rs. 10,000 at concessionary interest rates through Samurdhi Community Financial Organizations.