Concessionary loans for SME rice mill owners

The Cabinet of Ministers has granted their consent to implement a concessionary loan scheme through State banks for small and medium-scale rice mill owners.

According to Government sources, this initiative aims to ensure a fair price for paddy harvests and strengthen small and medium-scale rice mill owners. Given the significant progress observed during the previous seasons, it has been identified that this programme should be implemented for every season starting from the 2024/25 Maha season.

Accordingly, under specific criteria, this concessionary loan scheme will be provided to small and medium-scale rice mill owners with a maximum daily milling capacity of up to 25 metric tons, through State and private banks.

The proposal for this initiative, submitted by President Anura Kumara Dissanayake in his capacity as Finance, Planning, and Economic Development Minister, has received Cabinet approval.

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