The Government has launched a Multi‑Purpose Loan Scheme to support Sri Lankan migrant workers, enabling them to invest their overseas earnings in housing, education, business ventures, and other financial needs.
According to the Sri Lanka Bureau of Foreign Employment (SLBFE), the scheme is open to Sri Lankans employed abroad who can provide proof of overseas employment contracts and remittance records.
Applicants must submit documents such as their passport, employment agreement, and proof of income transfers through official banking channels.
Loan facilities are available for purposes including building or purchasing houses, starting or expanding businesses, buying vehicles, and funding children’s education.
The program is designed to ensure migrant workers can secure long‑term financial stability while contributing to the national economy.
Repayment terms are structured to suit overseas workers, with flexible installment options and competitive interest rates.
The scheme is being implemented through leading banks including the Bank of Ceylon, People’s Bank, and Commercial Bank, with each institution offering tailored packages under the government framework. (Newswire)
