People's Bank announces business loans to step up business to next level

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.

- 

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