1707/’17
Hon. Vidura Wickramanayaka,— To ask the Minister Industry and Commerce,—
(a) Is he aware that—
(i) the loan scheme named SMILE III was implemented for the small and medium scale industries and micro industries on a concessionary interest rate and with a two years grace period in order to empower entrepreneurs;
(ii) the Project Director published newspaper advertisements on 10th July 2016 and gave publicity regarding granting loans;
(iii) eventhough ten commercial banks came forward to grant loans under this scheme and nearly five thousand applicants applied for those loans, granting of loans has now been stalled;
(iv) eventhough most entrepreneurs have completed the signing of deeds of security and deeds of mortgage by making the preliminary expenses, loans have not been granted; and
(v) this situation has resulted in improving businesses and emerging businesses being stalled while being a blow to the national economy?
(b) Will he inform this House as to why people were inconvenienced by publishing newspaper advertisements on 10.07.2016, if granting of loans is not possible?
(c) If not, why?
Asked Date
2017-05-25
Asked by
Hon. Vidura Wickramanayaka, M.P.
Ministry
Industry and Commerce
Legislature
Eighth Parliament of the D.S.R. of Sri Lanka
Session
1
Sudden Stoppage of SMIL 111 Loan Plan
Answered Date
0000-00-00
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