A fund is to be set up for small and medium scale entrepreneurs without assets as guarantees for business loans to be provided with equity financing facilities, said Finance Minister Ravi Karunanayake while presenting the 2016 Budgetary proposals in Parliament a short while ago.

He added that he proposes a trust together with banks, insurance companies, the Employees Provident Fund (EPF), the Employees Trust Fund (ETF) and foreign funds to provide equity financing facilities to entrepreneurs with bright ideas when they are unable to launch their business due to the lack of assets as guarantees for loans.