Special loan scheme for festive season

The government has introduced a special loan scheme for the festive season through the state banks at an interest of 0.625 payable in 10 months during the period of January to October 31, 2021, the President’s office announced yesterday.

The schemes consists of three categories: Rs. 50,000 for those whose income is over Rs. 50,000 a month. 2) Between Rs 25,000 and Rs. 50,000, Rs. 25,000 and 3) for those who earn less that Rs. 25,000, Rs.10,000.

The loans could be obtained from the Bank of Ceylon, Peoples Bank, the National Savings Bank, Provincial Development Bank and the Samurdhi Bank.

Government pensioners and Samurdhi beneficiaries would have to apply for the loans through the Pensions Department and the Samurdhi Bank.

Three-wheel drivers, van and bus owners, private bus crews, etc., could apply for the loan by producing their national identity cards at the particular state bank where they maintain an account.

Daily wage earners can get loans through the state banks where they have accounts.