Direct cooperative banks, Samurddhi banks and regional development banks efficiently to provide financial facilities for small-scale farmers, entrepreneurs, and investors.
Why this status
Government-backed rural and community-bank finance is being used to support farmers, low-income households and entrepreneurs, including an islandwide credit-guarantee and interest-subsidy scheme that includes the Regional Development Bank. This is relevant delivery, although the evidence does not show a comprehensive efficiency reform across every cooperative, Samurdhi and regional development bank.
Evidence timeline
Oldest first. Each item is labelled by whether it supports the promise being kept or cuts against it.
- 7 Aug 2025SupportsOfficial release
“A 2025 Samurdhi Community Bank circular introduced the Savibala loan scheme for low-income Aswesuma recipients and authorised related low-income lending.”
Open source - Date not recordedSupportsOfficial release
“The New Comprehensive Rural Credit Scheme is an islandwide government-funded interest-subsidy and credit-guarantee scheme for farmers, with the Regional Development Bank among participating institutions.”
Open source
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