Refinance schemes for SME customers
Refinance Credit Schemes for Small and Medium-sized Enterprises (SME) or SME Entrepreneurs at concessional rates to enhancing their existing or new business.
| Tea Smallholder Credit Line & Japan Fund for Poverty Reduction - Grant (SME LoC Tea) | |
|---|---|
| Max. Loan amount | Rs.30 Million |
| Interest Rate | Based on loan tenor and customer risk rating Terms and Conditions apply* |
| Main Sectors | New planting, Replanting, Infilling, Nursery development, Irrigation, Water & Soil management and mechanization |
| Repayment Period | 10 Years with maximum of 02 years’ grace period basis on the bank policy |
| Kapruka Ayojana Refinance Loan Scheme | |
|---|---|
| Max. Loan amount | Based on the Coconut Cultivation Board approval (Avg. Rs.2 Mn) |
| Interest Rate | 8% p.a. ( Fixed) |
| Main Sectors | Coconut New Planting with intercropping, Coconut Replanting with intercropping, Rehabilitation of Coconut lands, Coconut Mono-Cropping, Establishment of Drip Irrigation System, Establishment of flexible pipeline water projects, Farm Machinery for coconut intercropping, Cattle, Sheep farming under adult Coconut Plantation, Upgrading of Machineries relating Coconut Cultivation |
| Process | Registration done by the Coconut cultivation board |
| Maximum Repayment Period | 05 Years with one year grace period basis on the bank policy |
| SMILLE 111 RF Scheme Small and Micro Industry Leader and Entrepreneur Promotion Project 111 RF - Refinance Loan Scheme |
|
|---|---|
| Max. Loan amount | Rs. 25 Million |
| Interest Rate | 8% p.a.( Fixed) |
| Main Sectors | Industries (Machinery & equipment's) Agriculture (Poly tunnel construction) Dairy (Cattle purchasing, Shed constructions, Machinery & equipment’s) |
| Technical Transfer Assistance Scheme | To upgrade, accounting, managerial, technical skills of project staff and end products by purchasing quality control equipment, inclusive of laboratory equipment Rs. 2.5 Mn Interest Rate: 5% p.a. Up to 7 years’ basis on the bank policy |
| SEPI Scheme Self-Employment Promotion Initiative (SEPI) loan scheme |
|
|---|---|
| Max. Loan amount | Rs. 1,000,000/- |
| Interest Rate | 7% p.a.(Fixed) |
| Main Sectors | All occupation & technology areas listed under NVQ Qualifications. Entrepreneurship skill Development Programme from selected registered vocational training institutes (NAITA/DTET) |
| Maximum Repayment Period | 5 Years basis on the bank policy |
- Terms and conditions will apply
| Paddy Pledge Loan | |
|---|---|
| Max. Loan amount | Paddy Millers - Rs 50 Mn Paddy Storage Owners’ / Paddy Collectors - Rs 25 Mn. |
| Interest Rate | 11% p.a. (Fixed) |
| Main Sectors | Paddy millers and collectors across all regions are eligible to purchase paddy from farmers during the Maha Season 2023/2024. |
| Repayment Period | 180 Days |
- Terms and conditions will apply *
| SMELoC 2 – Working capital Financing | |
|---|---|
| Max. Loan amount | Rs. 10,000,000/- |
| Interest Rate | 8% p.a. (Fixed) |
| Main Sectors | MSMEs in agriculture, tourism, manufacturing, technology, export-oriented sectors and any MSMEs (except trading, leasing and renting businesses) that are women-led, which require working capital financial needs. |
| Repayment Period | maximum tenor of three (03) years including maximum six months (06) grace period depending on the nature of the business activity. |
- Terms and conditions will apply *
- No. 12. Edmonton Road
Kirulapone
Colombo 06
Sri Lanka. - 011 5411 411