brand logo

Samurdhi banks: Low interest loans for vulnerable groups

02 Dec 2020

By Skandha Gunasekara Samurdhi banks would be used to give low interest loans to vulnerable groups to counter high interest rates of private finance companies.  State Minister of Samurdhi, Household Economy, Microfinance, Self-Employment and Business Development Shehan Semasinghe told The Morning that this was one of the measures to be taken to provide relief to those trapped by high interest microfinance loan schemes.  “Samurdhi banks will give loans at low interest. This will help the people to have an option of low interest rates and will cause competition in the market.” He said that in addition, Act No. 8 of 2016 would be amended, in accordance with government policies.  “This Act is a very inactive Act and cannot regulate anything. So we will look into amending this Act with regard to protecting both parties; the borrower as well as the lender.”    

Kapruka

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!


More News..