Standard Chartered partners YBSL to support Micro/SMEs in Jaffna
From left: CEO CCC Harin Malwatte,
Chairman CCC Dr Anura Ekanayake, CEO Standard Chartered Bank
Anirvan Ghosh-Dastidar, Country Chief Risk Officer, Standard
Chartered Bank Aruni Goonetilleke.
To provide instant seed capital and business literacy to women
entrepreneurs in the Jaffna district, Standard Chartered Bank signed an
Memorandum of Agreement (MOA) with Youth Business Sri Lanka (YBSL), a
project of the Ceylon Chamber of Commerce (CCC).
The MOA was signed by Standard Chartered Bank's Chief Executive
Anirvan Ghosh-Dastidar and Chairman, CCC Dr. Anura Ekanayake.
The credit scheme, managed by YBSL will help entrepreneurs
disadvantaged through lack of access to capital, enhance their
businesses while start-ups will gain from the several workshops and
seminars jointly organised with the Jaffna Chamber of Commerce.
Ghosh-Dastidar said "Micro-finance is a key area for development of
entrepreneurship, essential for Sri Lanka's overall economic
development. We look forward to working closely with the Chamber in
making a generation of young entrepreneurs self-reliant."
Volunteering for the cause will be some of Standard Chartered Bank's
financial experts, who as resource people will provide basic business
counselling. Areas covered will be financial management, trade
opportunities and banking perspectives.
YBSL provides concessionary credit to disadvantaged young
entrepreneurs to start up or enhance an existing business, as a means of
improving livelihoods and to enter the main-stream of development
activities through networking and social inclusion.