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Economic development

RDB Bank Empowers National Economy through Entrepreneurship Development Program

Strategic Insights

— 1 min read

RDB Bank, the country's leading State-owned development bank, has launched a comprehensive program to empower the national economy by creating 15,000 entrepreneurs at the Grama Niladhari divisional level. As part of this initiative, a program was held in the Northern Province on May 15-16, aiming to mobilize potential entrepreneurs and involve key government institutions, including the National Entrepreneurship Development Authority and the Industrial Development Board. The program focused on identifying 1,000 entrepreneurs in the Vavuniya, Kilinochchi, Mannar, Jaffna, and Mullaitivu districts, as well as transforming fishermen into entrepreneurs through a training program in collaboration with Cey-Nor Foundation Ltd. and North Sea Ltd.

Key Takeaways:

  • RDB Bank aims to create 15,000 entrepreneurs at the Grama Niladhari divisional level to empower the national economy.
  • A program was held in the Northern Province on May 15-16 to mobilize potential entrepreneurs and involve government institutions in identifying 1,000 entrepreneurs.
  • The program focused on the Vavuniya, Kilinochchi, Mannar, Jaffna, and Mullaitivu districts and targeted fishermen in the Mannar, Jaffna, Kilinochchi, and Mullaitivu areas.
  • Cey-Nor Foundation Ltd. and North Sea Ltd. collaborated with the bank to train fishermen as entrepreneurs.
  • A notable number of major industrialists participated in the entrepreneur summit, which discussed training programs for entrepreneurs and appreciated the bank's plans.
  • The program aims to reduce rural poverty by creating entrepreneurial clusters around strengthened key entrepreneurs.

Statistics:

  • 15,000 entrepreneurs are expected to be created at the Grama Niladhari divisional level.
  • 1,000 entrepreneurs are targeted to be identified in the Vavuniya, Kilinochchi, Mannar, Jaffna, and Mullaitivu districts.
  • The program will cover all Grama Niladhari Divisions of the Vavuniya, Kilinochchi, Mannar, Jaffna, and Mullaitivu districts.
  • A comprehensive training program will be implemented for fishermen in the Mannar, Jaffna, Kilinochchi, and Mullaitivu areas.
  • Major industrialists participated in the entrepreneur summit, showing their support for the program.

Sources:

  • RDB Bank's press release
  • Government of Sri Lanka's statement on the entrepreneurship development program

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