Provisioning of financial facilities to small scale paddy farmers to store paddy stocks safely in their house itself until the price of paddy goes up.

Provisioning of financial facilities to small scale paddy farmers to store paddy stocks safely in their house itself until the price of paddy goes up.

• Applicant should be a citizen of Sri Lanka.
• Applicant should be a person presently engages in agricultural activities.
• Should be a person residing permanently in the relevant area and within the age group of 18-55 years (Where the applicant's age is over 55 years, he may apply jointly with an adult within the above age group)
• hould not be a defaulter or a guarantor of a defaulted loan previously obtained from a financial or non financial institution.
• A suitable place with sufficient space should be available in the house for safe storage of paddy.

Maximum loan amount of Rs.50, 000/- and should be 75 % of the value of paddy stock under the guaranteed price of the Paddy Marketing Board.

3 months

Pledge over the stock of paddy and Guarantee of two personal guarantors.(One of the guarantors may be the spouse or an adult child)