PM discusses Rice Mill Owners’ issues with Commercial bank reps. | Daily News

PM discusses Rice Mill Owners’ issues with Commercial bank reps.

Prime Minister Ranil Wickremesinghe on Wednesday met with representatives of the Commercial banks to discuss issues related to loans requested by Rice Mill Owners. The Prime Minister was informed by Minister of Trade, Commerce and Food Security Nalin Fernando, that the banks were not dispersing the requested loans sufficiently, there was also hoarding of rice stocks taking place.

The Prime Minister instructed the Central Bank and Treasury officials to monitor the banks lending policies, while ensuring that the Bank of Ceylon provides loans that were in line with the Government’s financial policies.

The Prime Minister also stated that the Government would introduce new legislation that will govern Rice Mill Owners and Silo Owners to prevent the future hoarding of food stocks.

 


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