Ad
SME borrowers told to inform banks before Jan 31 to gain benefits

SME borrowers told to inform banks before Jan 31 to gain benefits

January 20, 2020   06:19 pm

-

The government has imposed a deadline for Small Medium Enterprise (SME) borrowers to inform their banks in order to receive the benefits from the debt relief package, stated the Ministry of Finance.

Accordingly, SME borrowers who have obtained loans under Rs 300 million are to inform the bank branches they borrowed from before the 31st of January.

Under the debt relief package introduced by the government, have suspended banks from taking legal action or imposing fines against those who have failed to pay off their debts.

The Central Bank of Sri Lanka (CBSL) has issued a circular to all commercial banks on the implementation of this debt relief package.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories