The Impact of Commercial Bank Lending on the Business Development: Special Reference to Batticaloa Region

Abstract

Batticaloa region occupies the central part of the Eastern province. Batticaloa is divided into 14 Administrative Divisions. Its population is 586 400 (Census and statistical Department, Sri Lanka 2016). The economy of the Batticaloa region is depending mostly on Agriculture and Fishing. Industrial and Service sectors also contribute considerably to the economy of Batticaloa region.  The total number of business entities functioning in Batticaloa, is estimated as 9377. The total number of small scale industries is counted as 781. Of the total labour force of this region, 24.8% is engaged in Agriculture sector. 29.4% of the labour force is related with Industrial sector. 45.8% engaged in Service Sector (Census and Statistical Department, Sri Lanka 2017).