SMEs requested to apply for debt relief package before end Jan

Small Medium Enterprise (SME) who wish to receive the benefits of the new debt relief package are requested to apply by the end of the month, the Ministry of Finance said in a statement today.

Accordingly, SME borrowers who have obtained loans not more than Rs 300 million should inform their relevant bank branches before the 31st of January.

The government’s new debt relief package has suspended banks from taking legal action or imposing fines against SMEs that have defaulted loans.

The Central Bank of Sri Lanka (CBSL) has issued a circular to all commercial banks on the implementation of this debt relief package.