The Ministry of Plantation Industry has planned to implement a capital loan scheme to assist the tea industrialists to continue with their industrial activities. The decision has been arrived at in view of the financial problems faced by tea industrialists due to fall of tea prices in the world market as a result of the crisis situation prevailing in the World Market
The Cabinet of Ministers approved a proposal made by the Ministry of Plantation Industry to implement this loan scheme for all owners of tea industries through all State and Commercial Banks and to provide from the Treasury an interest concession of 2% for such loans for a period of two (2) years for the relevant financial institutions.
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