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People's Bank announces business loans to step up business to next level
Daily FT
|April 29, 2025
PEOPLE'S Bank is dedicated to fostering business growth by providing flexible and competitive business loan solutions. With interest rates starting as low as 7% annually, entrepreneurs can access tailored financing options designed to meet the diverse needs of industries such as agriculture, manufacturing, sales and services, import and export, and sustainable businesses.
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Supporting business growth with development and SME loans
According to People's Bank Deputy General Manager - Enterprise Banking Wickrama Narayana, "Development and SME loans play a crucial role in driving economic growth by providing entrepreneurs and small businesses with the financial support they need to expand and innovate. These loans empower businesses to invest in new technologies, enhance productivity, and create employment opportunities, ultimately contributing to a thriving economy. Therefore, People's Bank has introduced various loan schemes to support the SME and Micro sectors, ensuring they have the financial backing needed to grow and sustain their businesses."
Loan schemes to suit various business needs
Aswenna loan scheme
This loan scheme is specifically designed for farmers to support the purchase of paddy lands. It offers investment loans up to Rs. 5 million and working capital loans up to Rs. 2 million, enabling farmers to enhance their agricultural operations effectively.
Vanitha Saviya loan scheme
Denne historien er fra April 29, 2025-utgaven av Daily FT.
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FLERE HISTORIER FRA Daily FT
Daily FT
Listless Sri Lanka succumb to Zimbabwe by 67 runs
ZIMBABWE produced a dominant all-round performance to rout Sri Lanka for 95 and win their second match of the T20I Tri-Series by 67 runs at the Rawalpindi Cricket Stadium yesterday.
2 mins
November 21, 2025
Daily FT
Dialog and JICA renew strategic partnership
DIALOG Axiata PLC, has renewed its strategic partnership with the Japan International Cooperation Agency (JICA) to further their shared mission of driving positive transformation and sustainable progress across Sri Lanka through impactful social development initiatives spanning multiple sectors.
1 mins
November 21, 2025
Daily FT
Nick Faldo Junior European Final: Kaya tied on top position
SRI Lanka’s rising golf talents Kaya Daluwatte was tied on top position while Reshan Algama was tied on fifth position end of Day 2 at the Nick Faldo Junior European Final played at the Al Ain Equestrian, Shooting and Golf Club.
1 min
November 21, 2025
Daily FT
CSE market PE climbs above 18-year average – FCR
THE Colombo stock market has reached a major valuation milestone in November 2025, trading at a price-earnings (PE) level significantly above its long-term norms, First Capital Research (FCR) said yesterday.
1 mins
November 21, 2025
Daily FT
Paytm wants Sri Lanka to build "world's most seamless travel corridor" for Indian tourists
PAYTM CEO for Travel and COO for Consumer Payments Vikash Jalan on Wednesday urged Sri Lanka to position itself as the \"most frictionless, trusted, and convenient overseas destination\" for Indian travellers, insisting that digital payments and fintech infrastructure will be just as critical as flights, hotels, and marketing in shaping the country's next phase of tourism growth.
4 mins
November 21, 2025
Daily FT
LFCs urged to shift from consumption lending to industry-focused finance: LRA
SRI Lanka's licenced finance companies (LFCs) need to pivot from traditional consumption-led lending towards financing industrial and export-linked activity if they are to remain relevant in a changing economy, the Lanka Rating Agency (LRA) said in its latest sector review.
2 mins
November 21, 2025
Daily FT
Natasha Boralessa joins DIMO Board
DIESEL & Motor Engineering PLC (DIMO) has appointed Natasha Boralessa to its Board as an Independent Non-Executive Director.
1 min
November 21, 2025
Daily FT
Bairaha Farms proceeds with 1-for-5 share split, announces dates
BAIRAHA Farms yesterday said that its proposed 1-for-5 share split will take place following shareholder approval at an Extraordinary General Meeting (EGM) scheduled for 17 December.
1 min
November 21, 2025
Daily FT
SriLankan Bondholders reach tentative deal on defaulted $ 175 m debt
ENDING months of speculation and delays over completing the country’s debt restructuring, national carrier SriLankan Airlines and the Government of Sri Lanka yesterday said that they have reached an agreement in principle with six members of the Ad Hoc Group of Bondholders on the financial parameters of restructuring the national carrier's $ 175 million Guaranteed Bonds due June 2024.
3 mins
November 21, 2025
Daily FT
IRD reports highest-ever revenue, tops Rs. 2 t ahead of year-end
THE Inland Revenue Department (IRD) said it has collected over Rs. 2 trillion as of 17 November, the highest annual revenue in its history.
1 min
November 21, 2025
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