ComBank Conducts Entrepreneurship Development Program for VTA Students in Anuradhapura

ComBank Conducts Entrepreneurship Development Program for VTA Students in Anuradhapura

Thu, October 27, 2022, 8:50 p.m. SL time, ColomboPage News Desk, Sri Lanka.

27 October, Colombo: A group of 125 students following various vocational training courses in Anuradhapura, recently benefited from an entrepreneurship development program run by the Commercial Bank of Ceylon, under the banner of its sustainable development initiatives of Dirishakthi entrepreneurship.

The Bank organized this event in collaboration with the Vocational Training Authority (VTA) of Anuradhapura to impart knowledge on financial literacy and business development to students taking training courses in air conditioner repair, baking, beauty culture , computer hardware, electrical engineering, shoe design, landscaping, auto mechanics and other subjects.

Designed to improve entrepreneurial skills and commercialization of skills acquired by students for the benefit of the rural economy, this recent initiative was managed by the Commercial Bank’s Development Credit Department (DCD) and its Agriculture Unit and Microfinance (AMFU) in the region and was supported by the Central Bank of Sri Lanka (CBSL).

A seasoned speaker on financial management and business development, Mr. Duminda Dissanayaka, who is also the Director of the Central Bank’s Anuradhapura Regional Office, was invited as a resource person at this event.

Commercial Bank Regional Manager – North Central Province Mr. Michael De Silva, Nochchiyagama Branch Manager Mr. Venura Dhanapala and Vocational Training Authority Program Manager Mr. Chaminda Priyankara Wijayadasa, were also present at the program, alongside Bank officials.

In 2022, the Bank’s Dirishakthi Sustainable Entrepreneurship Development Program benefited over 250 women entrepreneurs in Wasgamuwa and Ratnapura.

Commercial Bank has been conducting outreach programs for micro-entrepreneurs in different business sectors in many parts of the country for 11 years and has helped over 11,000 entrepreneurs so far through this series.

These programs are supported by the Bank’s 19 Agriculture & Micro Finance units which play a key role in helping the Bank identify the specific needs of entrepreneurs who need help to develop their agricultural activities or micro-enterprises. These units are dedicated to the promotion of agricultural credit and micro-finance.

Agriculture and Micro Finance Units (AMFU) of the Commercial Bank are located in Ratnapura, Narammala, Nawalapitiya, Marawila, Anuradhapura, Kilinochchi, Bandarawela, Wellawaya, Hingurakgoda, Galewela, Achchuveli, Vavuniya, Chenkalady, Deniyaya, Tissamaharama, Udugama, Pottuvil, Elpitiya and Akkaraipattu.

The first 100% carbon neutral bank in Sri Lanka, the first Sri Lankan bank to be listed among the world’s top 1000 banks and the only Sri Lankan bank to be so listed for 12 consecutive years, Commercial Bank operates a network of 268 branches and 940 automated machines in Sri Lanka. Commercial Bank is a leader in digital innovation in the country’s banking industry. The Bank’s overseas operations include Bangladesh, where the Bank operates 19 outlets; Myanmar, where he owns a microfinance company in Nay Pyi Taw; and the Maldives, where the Bank has a fully-fledged Tier I bank with majority ownership.

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