Business
Institute of National Credit Insurance to commence operations
The Cabinet of Ministers approved the proposal presented by the President in his capacity as the Minister of Finance, Economic Stabilization and National Policies to commence the operations of the Institute of National Credit Insurance.
Cabinet approval was granted on 27.04.2021 for the establishment of the Institute of National Credit Insurance for the purpose of providing relief to small and medium scale entrepreneurs. At present, the institute has been registered as a public limited company and is taking necessary steps to obtain US$ 50 million as its initial capital from the Asian Development Bank.