1372/’16
Hon. Bandula Gunawardana,— To ask the Minister of Finance and Mass Media,—
(a) Will he inform this House —
(i) whether a ‘fund of funds’ has been established with the view to providing business capital to small and medium scale entrepreneurs as per proposal No.124 of the budget for the year 2016;
(ii) whether requests were made to the International Finance Corporation (IFC) and Asian Development Bank (ADB) seeking their contributions to the aforesaid ‘fund of funds’;
(iii) if so, of the nature of the responses received from those institutes; and
(iv) whether the Inland Revenue Act was amended in relation to reduction of corporate income tax for venture capital companies by 50%;
(b) If not, why?
Asked Date
2017-05-24
Asked by
Hon. (Dr.) Bandula Gunawardana, M.P.
Ministry
Finance
Legislature
Eighth Parliament of the D.S.R. of Sri Lanka
Session
1
Mega Fund for funds to provide business capital for Small and Medium scale entrepreneurs
Answered Date
2017-10-25
Answered by
Hon. Eran Wickramaratne, M.P.
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