The revival of medium scale industries and businesses is a requirement to be accomplished concurrently with the revival of small industries and projects within the same area, in attaining an economic development in the Districts of Kilinochchi and Mulativu. It is essential to reanimate medium scale industrialists and businessmen in order to set in motion a market for the products of small industrialists and farmers within their area itself. Similarly availability of leading wholesale enterprises would develop a group of suppliers for small traders of these areas. Nevertheless, the opportunity of obtaining large scale financial facilities for them under existing loan schemes has been restrained due to impossibility of submitting title deeds pertinent to properties in these regions. The objective of this special loan scheme is to provide financial facilities to medium scale industrialists and businessmen abiding in Kilinochchi and Mulativu Districts, on relaxed securities and concessionary rates of interest as a solutions to this situation.

Only within the Districts of Kilinochchi and Mulativu.

• Entrepreneurs who maintain medium scale industries and business concerns (Especially Paddy Mills)
• Wholesalers in the Districts of Kilinochchi and Mulativu

Priority should be placed for rehabilitation of this type of projects and enterprises that existed before the war but were subsequently destructed, rather than for new entrepreneurs. Eligible parties should be personally identified by Branch Managers via Chambers of Commerce and other sources in the area from which authentic information could be ascertained.

Any type of medium scale industries and enterprises which are viable and feasible.

• Applicant should be a citizen of Sri Lanka.
• Should be a person aged between 18–55 years permanently residing within the project area.
• Should not be a defaulter of a loan or a guarantor of a defaulted loan obtained before, from any financial or non-financial institution.
• Customers who will be considered under the above loan scheme should be persons who conduct their business activities in conformity with laws and regulations including environmental laws and regulations, in force in the Country.
• The proposed project should be able to convince the Bank that it contains a sound cash flow and a satisfactory repayment capacity.
• Project should be viable and feasible.

• Maximum loan amount per person - Rs. 10 Million
• 2. Minimum loan amount per person - Rs. 02 Million

05 years including a maximum grace period of 12 months.

Personal guarantee and mortgage over project assets.