People’s Bank recently signed a Memorandum of Understanding with the Industrial Development Board (IDB) and Sri Lanka Institute of Marketing (SLIM) to develop Micro, Small and Medium Enterprises in Sri Lanka. This is an extension of People’s Bank’s Memorandum of Understanding with IDB to promote local industries and brands, which was implemented under the “Made in Sri Lanka” loans programme. “Made in Sri Lanka” is a programme which was introduced in line with the Government's Vistas of Prosperity policy framework.

To synergize this programme, People’s Bank partnered with IDB and The Sri Lanka Institute of Marketing (SLIM) who will help identify deserving businesses and provide Marketing consultancy for them.

People’s Bank and the IDB hosted an event at the People’s Bank Staff Training College on 16 December 2020 to announce the partnership. After signing the Memorandum of Understanding at the event, 23 loans were granted to selected customers from across different regions in the country.

The event was attended by the Hon. Wimal Weerawansa, Minister of Industries, Sujeewa Rajapakse, Chairman of  People’s Bank, N.G Panditharathne, Additional Secretary of Industries Ministry,Upasena Dissanayake, Chairman, Industrial Development Board, Ranjith Kodituwakku, CEO/General Manager of People’s Bank, ,  P.L.U Rathnamalala, Director General of Industrial Development Board, Roshan Fernando, Chairman Sri Lanka Institute of Marketing, Krishani Narangoda, Deputy General Manager of People’s Bank and other officials.