Lankaputhra Development Bank empowers entrepreneurs

Chairperson, Lankaputhra Development Bank Ms Kumudini Kulatunga presents a loan to one of the recipients. Minister of Provincial Councils, Road Development, Power and Construction and Fisheries, North Western Province Provincial Council, Sanath Nishantha, General Manager Lasantha Amarasekera and AGM, Credit, Ranjith Dissanayaka look on.

A special loan scheme was introduced by the Lankaputhra Development Bank recently for entrepreneurs of the North Western Province. The loan is granted to self-employed people who are members of Fishery Societies, Women's Societies and Cooperative Societies through the Wennappuwa branch of Lankaputhra Development Bank.

The scheme was launched at the Chilaw Pambala Fisheries Ministry premises by the Chairperson Lankaputhra Development Bank, Ms Kumudini Kulathunga.

Minister of Provincial Councils, Road Development, Power and Construction and Fisheries, North Western Province, Sanath Nishantha and the top management of Lankaputhra Development Bank were present.

At the ceremony, 100 small and medium scale entrepreneurs were given loans, working women were given laptops to improve their IT knowledge and fishermen were given boats and small fishing vessels. The loans are given under the purview of Lankaputhra Development Bank, Wennapuwa Branch Manager U. Ranatunga.

"The bank which has branches in Colombo, Hambantota, Polonnaruwa, Kegalle, Kandy, Wennappuwa, Trincomalee and Batticaloa, will open a branch in Jaffna," a spokesman for the bank said.