Sri Lanka to offer concessional loans to draw youth to agriculture, industry
- CNL Reporter
- August 23, 2025
- News
- Sri Lanka
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The government is to implement concessional loan scheme for young Sri Lankans to enter into agricultural and industrial fields.
Sri Lanka’s cabinet of ministers have approved a concessional loan scheme at 4 percent interest to encourage younger people into the agricultural and industrial sectors, Minister Nalinda Jayatissa said.
“It has been proposed to provide a maximum loan facility of 5 million rupees to a beneficiary,” Jayatissa told reporters.A 4 percent interest is to be charged per annum and the scheme will be implemented over 5 years.
“The lack of concessional financial facilities has been identified as an obstacle to creating entrepreneurs in the agricultural sector.”This reduces the attractiveness of agriculture for young entrepreneurs, increases the amount of uncultivated land and reduces food production, he said.
