Standard Chartered Bank, in a bid to provide instant seed capital and business literacy to women entrepreneurs in the Jaffna district, has signed a Memorandum of Agreement (MOA) with Youth Business Sri Lanka (YBSL), a project of the Ceylon Chamber of Commerce (CCC).
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| From left - Harin Malwatte, CEO CCC, Dr Anura Ekanayake, Chairman CCC, Anirvan Ghosh-Dastidar, CEO Standard Chartered Bank and Aruni Goonetilleke, Country Chief Risk Officer, Standard Chartered Bank. |
The MOA, signed by Standard Chartered Bank’s Chief Executive, Anirvan Ghosh-Dastidar and CCC Chairman Dr Anura Ekanayake will ensure speedy expedition of seed capital to micro enterprises while building capacity on basic business skills, the bank said in a statement.
The credit scheme, managed by YBSL will help entrepreneurs disadvantaged through lack of access to capital, enhance their businesses while start-ups will gain from the several workshops and seminars jointly organized with the Jaffna Chamber of Commerce. Volunteering for the cause will be some of Standard Chartered Bank’s financial experts, who as resource people will provide basic business counselling. Areas covered will be financial management, trade opportunities, banking perspectives.
Youth Business Sri Lankan provides concessionary credit to disadvantaged young entrepreneurs to start up or enhance an existing business, as a means of improving livelihoods and to enter the main stream of development activities through networking and social inclusion.
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