Business Times

RDB launches scheme for small and medium scale entrepreneurs

Sri Lanka’s Regional Development Bank (RDB) recently launched the RDB Welanda Sabhawa programme for small and medium scale entrepreneurs.

The RDB Welanda Sabhawa programme will assist these entrepreneurs in venturing into new businesses, develop existing businesses as well as educating them all on a range of issues. The programme covers issues arising from accounting, marketing, human resorce management to productivity offering comprehensive details on how to manage the challenges from these segments.

The RDB said the initial programme at Dankotuwa enrolled more than 200 small and medium scale entrepreneurs from the Puttalam district. The programme addressed several general issues faced by entrepreneurs while dealing with banks. The areas covered included, how to develop a business plan and importance of having a business plan, how to approach a bank, correct utilization of funds and developing and retaining businesses.

Sessions from experts in their respective fields were also a part of the programme agenda where Nandadasa Rajapaksa, Chairman of DSI Group talked of Developing Entrepreneurship and Patrick Amarasinghe, President of the Young Entrepreneurs Sri Lanka spoke of the importance of developing a business plan.

The participants were also given an opportunity to listen to the success stories of K A D Arunasiri Appuhami and J M Jayasinghe, successful entrepreneurs from the district. The Regional Development Bank was founded with the country's six regional development banks being merged into a single entity.

The six regional banks, which were amalgamated, were namely, Rajarata, Ruhuna, Wayamba, Uva, Kandurata and Sabaragamuwa Developent Banks. RDB is the only development bank in the country with a network of 251 branches and a significant customer base of 3.5 million.

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