gossip lanka

New loan facility from CBSL

Having identified the national importance of reviving the businesses adversely affected by the COVID-19 outbreak in order to contain the hampering of living conditions of the Sri Lankans and the economic growth of the country as a whole, the Central Bank of Sri Lanka under the instructions of the Government has introduced a new refinance facility 'Saubagya Covid-19 Renaissance Facility ' for the businesses adversely affected by the covid-19 outbreak, under the Saubagya (Prosperity) Loan Scheme.
The Facility is implemented by the Regional Development Department of the Central Bank of Sri Lanka covering all licensed banks in the island.

The maximum loan limit is two months working capital requirement at an interest rate of 4% per annum.

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