In a bid to foster an entrepreneurial spirit among the youth, the Bank of Ceylon (BOC) recently presented the Youth Loan Scheme, designed to fuel the dreams of young innovators and business leaders. With an attractive interest rate of just 7% per annum, this initiative aims to ignite the ambitions of the next generation by offering a loan amount of Rs. 500,000. 

The BOC Youth Loan Scheme is not just about providing financial assistance; it is about nurturing a new generation of entrepreneurs. With a target of empowering 10,000 young individuals, this scheme is a beacon of hope for those with aspirations of building their own startups or expanding existing businesses.

One of the most remarkable aspects of the scheme is its inclusivity. Unlike traditional loan programmes, this initiative does not require burdensome collateral such as property mortgages, instead opening doors for young visionaries who lack substantial assets but possess boundless potential.

BOC, believing in the power of attitude and innovation, has welcomed innovative business ideas from individuals under 30 years of age, regardless of their financial background. Whether individuals have a groundbreaking startup idea or a passion project waiting to blossom, the scheme will support them every step of the way. Those interested can join hands with the BOC and turn their entrepreneurial dreams into reality. 

BOC Deputy General Manager (DGM) – Development Banking and Branch Credit Operations Range 2 R.M.N. Jeewantha invited young entrepreneurs to visit the nearest branch and explore a world of opportunities with the BOC Youth Loan Scheme.