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Regional Economic Advancement Credit Scheme Matale District

This project is provide credit facilities for Medium Scale Entrepreneurs to create non-farm employment and non-farm enterprises and to expand existing projects in the Matale District in order to raise the income of rural and farm families.

• For Whom

For medium scale entrepreneurs to create and expand their projects in Matale District.

• Project Area - Matale District

• Maximum Credit Limit - Maximum loan amount is Rs. 500,000/-.

• Repayment Period

Maximum repayment period is 7 years including the grace period not exceeding one year from the date of release of the first loan component, depending on the cash flow and the nature of the project.

• SECURITIES

Two personal guarantors for loans upto Rs. 100,000/-. Mortgage over the immovable property for loans above Rs. 100,000/-.