People’s Bank introduces multiple loan schemes to boost economy | Daily News


 

People’s Bank introduces multiple loan schemes to boost economy

People’s Bank has introduced multiple loan schemes to boost Government’s Development programme to bounce back rapidly.

Being the bank of the people, People’s Bank bears a great responsibility to assist the Government to re-start the Sri Lankan economy and help the people of the country to get some form of normalcy to their lives.

Due to the unexpected, adverse impact due to the COVID-19 outbreak, the Sri Lankan economy has been at a virtual standstill since 16th March 2020 as the country went into a lockdown to curb the spread of the deadly virus.

Given this unfortunate turn of events, People’s Bank took on the responsibility to assist all of these sectors through an injection of much-needed funds via bank loans with attractive financial solutions. As a result, in accordance with the clear direction and guidance of the Government, the Chairman and Board of Directors together with the management of the Bank have introduced a number of new loan schemes along with special concessionary interest rates for the following sectors with most of the loan schemes offering single digit interest rates.

The “Special Financial Service package for Young Professionals” has been introduced for the benefit of young professionals (18-40 years) who are looking for funds to buy a plot of land, build a new house, furnish a home, buy a vehicle, pursue higher education and other similar aspirations. Professionals eligible for this loan scheme include doctors, dentists, vets, engineers, architects, accountants, IT professionals/software engineers etc.

The “Special loan scheme for Government Medical Officers/Government Dental Surgeons” was introduced to show appreciation and provide financial assistance to the dedicated healthcare workers who made significant sacrifices by working tirelessly during the COVID-19 outbreak.

 


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