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, while small businesses can apply for up to one million rupees. Larger businesses may receive loans reaching up to 25 billion rupees.
The loans will be disbursed through commercial banks and will feature a repayment period of three years, including a six-month grace period.
(Colombo/Dec30/2025)
