In line with the government’s development programme and with the aim of uplifting the small and medium businesses adversely affected by the COVID-19 pandemic, People’s Bank has introduced a special loan scheme with an interest rate of just 6 percent. The bank has allocated Rs.15 billion for this purpose.
People’s Bank has come forward to bear the responsibility of providing much-needed financial solutions to industries that have been adversely affected by the COVID crisis so that they can move towards a rapid economic recovery.
As a result, in accordance with the clear guidelines and direction of the government, the Chairman and the board of directors together with the management of the bank have made arrangements to introduce a number of new loan schemes, with many offering single-digit interest rates, to bring financial relief to the various industries that have been affected.
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http://www.dailymirror.lk/business-news/Peoples-Bank-offers-6-interest-loans-to-SMEs/273-190700
