‘Enterprise Sri Lanka’ to address obstacles and minimise the SME finance gap

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As part of Vision 2025 policy document, our government has identified the importance of the SME sector and initiated the ‘Enterprise Sri Lanka’ scheme to address some of these obstacles and minimise the SME finance gap in Sri Lanka, Minister of Finance and Media Mangala Samaraweera said this morning

Addressing the Asia-Pacific Rural and Agricultural Credit Association at Hilton Colombo the minister further said that in most surveys done around the world, access to finance is a striking obstacle faced by SMEs, and this is no different in Sri Lanka and the rest of our region. With regard to SMEs, the Sri Lankan government’s intention is to integrate SMEs into the formal sector and also to establish hard and soft infrastructure frameworks to facilitate their growth.

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