Dr. Prabath Weerasinghe proposes national credit rehabilitation programme for 2027 Budget
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Dr. Prabath Weerasinghe of the University of Ruhuna has proposed a national credit rehabilitation programme for the 2027 Budget to help financially distressed small and medium-scale entrepreneurs restore their creditworthiness and access formal financing.
The proposed Fresh Start programme categorises businesses into three tiers, offering refinancing and working capital for operational firms, debt restructuring for distressed viable businesses, and structured market-exit mechanisms for non-viable enterprises.
Dr. Weerasinghe plans to submit the proposal to the government and private-sector chambers of commerce, alongside a proposed Seed Fund to support start-ups.
