Seylan Bank with National Credit Guarantee Institution empowers MSMEs

The government of Sri Lanka, working with the Asian Development Bank (ADB), has introduced a special programme for micro, small, and medium enterprises (MSMEs).

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This initiative allows the MSMEs lacking adequate collateral to obtain loans through 13 selected banks and financial institutions, including Seylan Bank.

Through the collaborative launch of National Credit Guarantee Institution Ltd (NCGIL), the Bank with a Heart's support reaffirms its continued commitment to inclusive financial empowerment and holistic simplified solutions aimed at strengthening national economic development.

Through NCGIL's enabling of uncollateralised lending through partial credit guarantees, the banks will be able to assess entrepreneurs based on cash flow and business viability other than asset security, marking the first national-scale, risk-sharing credit guarantee model introduced in Sri Lanka, with Seylan Bank playing a critical role in its implementation.