Cabinet Approves 4% Interest Loans to Pay Tourism Industry Salaries

11th June, 2020 News and Updates

The Cabinet has approved a paper submitted by Minister Prasanna Ranatunga to issue loans at the interest rate of four percent for the payment of salaries of tourism sector employees.

Tourist hotels and guest houses registered with the Sri Lanka Tourism Development Authority (SLTDA) by March, 2019 are eligible for this relief measure. The loans will be issued at a concessional rate for paying salaries of up to Rs. 20,000 each. The Minister said there would be a two-year moratorium for the repayment of such loans.

The following relief measure have also been approved:

Source: Daily Mirror