Interest free loan scheme to finance small business ventures
Budget Speech para. 332: "Allocate Rs. 1 million per one Grama Niladhari division through the District Development Committee (DDC) to commence an interest free loan scheme to finance the small business ventures initiated by a group of at least 50 self-employed youth. Such groups must be registered with the DDC. Such business ventures could include Agriculture, Handicrafts, Mushroom Farming, Trading, Ornamental Fish Industry, Horticulture and Floriculture, etc. Allocate Rs 7,000 million for the first phase of this venture. It is envisaged this will create a minimum of 350,000 self-employment opportunities especially for youth. This will complement the 1 million employment generation programme of the government."
- Allocation (Rs. Mn) : 7,000
- Sector : Youth & Women
- Ministry / Government Institution : Ministry of National Policies and Economic Affairs
Openness Tracker Restricted
Insufficient information on RTI request.
Progress Tracker Broken
Rural Infrastructure Development Programme is ongoing in place of the given proposal. No further information was disclosed.
Note: In Annexure 02 of Budget Speech 2017 (the summary of expenditure proposals), the proposal is states that each MP will be provided Rs. 1Mn per Grama Niladhari Division. The allocation to each MP is not mentioned in the budget speech. - money has been transferred to a different programme of similar nature.
Sources of Information