Audit: 41% of SDFC loans not repaid regularly

1 week ago

An audit report has shown that the SME Development Finance Corporation (SDFC), a government-owned lender to small and medium enterprises, has not yet received 41 percent of its loans from 2019 to 2023 due to irregular repayments. According to the 2019-2023 compliance audit report released by the Auditor General's Office, the Ministry of Finance allocated MVR 1.14 billion to SDFC from