## 📈 Govt. Launches Rs. 95 Bn MSME Concessional Loan Package

The Government of Sri Lanka is rolling out a massive Rs. 95 billion support scheme to revitalize businesses impacted by Cyclone Ditwah and the ongoing economic recovery. • Overall Funding: A total of Rs. 95 billion allocated to provide low-interest credit to approximately 130,000 entrepreneurs. • Interest & Terms: Loans offered at a 3% concessional rate with a six-month grace period and a three-year repayment tenure. • Loan Limits: • Micro enterprises: Up to Rs. 250,000 for working capital. • SMEs: Up to Rs. 1 million. • Financial Partners: 12 private banks have applied to join State banks (People’s Bank, Bank of Ceylon, RDB). MOUs with private lenders are expected by Jan 15. • Eligibility: Restricted to registered or formally maintained businesses to ensure the professionalization of the MSME sector. • Parallel Relief: The CBSL has also introduced a six-month loan moratorium and restructuring options without penal interest for affected borrowers. This initiative aims to stabilize livelihoods and drive export-led growth by supporting the backbone of the national economy during disaster recovery.