The Loan Scheme for the Improvement of the Self - Employed has been introduced with the intention of empowering the Sri Lankan Government is development t drive to improve the lot of the self - employed.
To whom
Trained youth who passed out from recognized vocational training institution in the country for establishment of their own self employment projects.
Other Requirements
- Applicant should be a Sri Lankan national
- Applicant should not be a defaulter or a guarantor of the defaulted facility at any financial institution.
- should be between the ages of 18 to 55 years.
- Should have completed a competency - based training programme (CBT), skill development programme or an entrepreneurship course under a reputed recognized vocational training institute registered under MVTT.
- Should have a suitable location for the proposed enterprise.
- Should be able to submit a basic business plan for review and approval of the bank.
- Preference will be given to trained women to receive funds from SEPI Loan Scheme.
Loan Amount
Maximum per person is Rs. 250,000/-.
Repayment Period
Should be between 12 to 48 months inclusive of grace period of one year.
(Interest will be charged during the grace period monthly)
Repayment Period
Should be between 12 to 48 months inclusive of grace period of one year.
(Interest will be charged during the grace period monthly)
Securities
- Two personal guarantors acceptable to the Bank or (one could be the spouse or a parent and the other guarantor should be a person with adequate fixed income)
- Mortgage over immovable property or
- The two personal guarantors acceptable to the Bank with mortgage over movable property or
- Should obtain a mortgage over movable or immovable property or any other security acceptable to the Bank
For Further details Please contact
Mrs. K,P.S.Weerasingha
Tel. 0112 481348
Fax 0112 330083
E mail devfin@peoplesbank.lk
