DEVELOPMENT BANKING
Agro Livestock Loan Scheme

  • Introduction

    • Development of Agricultural and Livestock Resources with the intention of providing capital to develop avenues generating income of the small scale farmers and other engaged in the production of milk in the agricultural sector

  • Project Implementation Area

    • All districts in the island.

  • Quantum of Loan and On-lending

    • Should possess one of the training courses given below.

    No Activity Maximum Loan Amount
    9.1 Small Dairy Projects Rs. 400,000/-
    9.2 Poultry Products Rs. 400,000/-
    9.3 Liquid Milk Processing and Agriculture Crop Processing Industries Rs. 300 million
    9.4 Establishing the cooling facilities (Cold stores) Rs. 10 million
    9.5 Establishing block ice manufacturing plants Rs. 10 million

  • Repayment Period

    • Maximum time period for loan repayments will be 5 years inclusive of grace period, if required.

  • Securities
    • Two Personal Guarantors acceptable to the Bank or
    • Mortgage over movable or immovable property or
    • Other securities acceptable to the Bank.