Concessionary loans to people in conflict-affected regions of Sri Lanka

The Sri Lankan government plans to provide concessionary loans to the people in the conflict-affected Northern and Eastern provinces in an effort to uplift their living standards.

Under the government's plan a loan up to a maximum of 250,000 rupees will be given to the people in the two provinces to construct houses or to start self employment activities, Minister of Rehabilitation and Prison Reforms DEW Gunasekara has told the state-run radio.
The Bank of Ceylon will implement the project through the district development secretariats. It is planned to be launched from December and the Bank of Ceylon has allocated 100 million rupees for the loans.
According to the Minister, the loans are given at a concessionary annual interest rate of four percent and are repayable in ten years.