Category: Economy
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Sri Lanka to give 3-pct cyclone recovery loans for businesses
FINANCIAL CHRONICLE – The Sri Lankan cabinet has sanctioned a fund allocation of 5 billion rupees to provide recovery loans to businesses affected by the recent cyclone, according to Minister Nalinda Jayatissa. These loans will be available at an interest rate of 3 percent. Micro businesses will be eligible for loans up to 250,000 rupees,