Revolving Fund

The Royal Government approved the establishment of the Rural Enterprise Development Corporation Limited (REDCL), a State-Owned Enterprise under the aegis of the Ministry of Finance as an autonomous agency for implementing the Revolving Fund-II as part of the Economic Stimulus Program (ESP). The Revolving Fund includes:

1. Revolving Fund I for Cottage and Small Industries; and

2. Revolving Fund II for non-formal rural Activities