New People's Fast is a brand for Micro finance loan product. It provides financial assistance for :

• All business needs of micro, small and medium entrepreneurs
• With relax collaterals
• With speed loan disbursements

Enterprises to be considered under this loan schemes.

• Person with required skills.
• Engage in a profitable business (Agriculture, Animal husbandry, Industrial, cottage, Industry Trade, Service)
• Permanent resident of bank branch area.

• Negotiable

People's Bank provides non financial services with identified service providers on Skill Development, Business Management, Business Planning, Entrepreneurship Development, Tax Planning etc.

Poverty Alleviation Micro Finance Project (Revolving Fund ) refinanced by Central Bank of Sri Lanka (PAMP(RF) - CBSL)

All Island

Maximum loan amount Rs.50,000/- per borrower / beneficiary

Negotiable

Three years depending on the cash flow of your business

Two personal guarantees or collective guarantees of the group or any other security acceptable to the bank.

All Island

Maximum loan amount Rs.75,000/- per borrower / beneficiary

Negotiable

Three years depending on the cash flow of your business

Two personal guarantees or collective guarantees of the group or any other security acceptable to the bank

Provide credit facilities to entrepreneurs who are being trained and introduced by the Vidatha Resource Centers by the Ministry of Science and Technology.

• To up-lift the economic level of the rural peoples.
• To make arrangement to exhibit to the country the creativeness and skills of rural people and to utilize their resourcefulness for the country is benefit.
• To ensure with quality of the product from the village reaching the market and thereby to ensure a stable income for rural folk.

Entrepreneurs who are being trained and recommended by the Vidatha Resource Centers / Vidath societies and whose enterprises are found to be commercially, technically and financially feasible. Applicant should be trained and recommended by the Vidatha Resource Center and member of a Vidatha Co-opereatives.

All Island

Maximum loan amount Rs.50,000/- per borrower / beneficiary

Negotiable

Two personal guarantees or collective guarantees of the group or any other security acceptable to the bank

“Vanitha Navodya” Loan Scheme – Under the Sponsorship of the Ministry of Child Development and Women’s Empowerment and Financial contribution from the United Nations Development Fund for Women (UNIFEM)

• The Women faced with economic difficulties due to natural disasters (As flood, land slides, typhoons, hurricanes etc.,)
• Due to the War – like situation prevailing in certain areas.

• Women engaged in commercially viable economic activities.
• Women engaged in manual labor in diverse economic activities in the informal sector.
• Women with formal training in a Vocational Training Institution awaiting / expecting to commence an industry.
• The applicant should be recommended by Women Development Officer in the Divisional secretariat of the service of the Ministry of Child Development and Women’s Empowerment.

All Island

Maximum loan amount Rs.100,000/- per borrower / beneficiary

8% per annum

Maximum 24 months ( Including 3 month grace period )

Receipt signed by the applicant is enough as security.