Sri Lanka offers 7% interest rate concessionary loans up to 5 million rupees to struggling SMEs.

Sri Lanka plans to offer concessionary loans at a 7% interest rate to struggling small and medium-scale enterprises (SMEs) affected by past crises. The loans, up to 5 million rupees (about $16,500), can be settled in five years with a six-month grace period. This move comes after a recent study revealed that around 20% of businesses operational in 2018 have closed down.