(COLOMBO, LANKAPUVATH) – The Cabinet of Ministers have signified a decision to further expand the relief packages provided to the upliftment of the tourism industry in the wake of the recent terror attacks.
Accordingly, the ministers have approved a proposal presented by Minister Mangala Samaraweera, Minister of Finance which will see the grace period being increased up to March 2020, for the working capital loan scheme.
The loan scheme was introduced to institutions and individuals who are engaged in tourism to expand the coverage of the debt securities fund.
Furthermore a grace period of two months will be provided up to June 30, for passenger bus owners. A new working capital loan scheme is to be introduced for travel agencies and music bands.
In addition to the relief offered, the “Sancharaka poddo” concessionary loan scheme will be issued through regional development banks to provide financial assistance that is needed by small scale informal sector persons and institutions engaged in the tourism related businesses.