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Kapruka Ayojana Loan Scheme
Kapruka Ayojana Loan Scheme is a concessionary financial assistance service conducted by The Coconut Cultivation Board (CCB) in collaboration ...
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SAPP (Small Holder Agribusiness Partnership Programme)
Small Holder Agribusiness Partnership Programme is a special loan scheme introduced which has issued in accordance..............
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Paddy Pledge Loans
People’s Paddy Pledge loan scheme is a special loan scheme introduced with the intention of assisting Paddy Millers and ...
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Aswenna Loan Scheme
Aswenna Loan Scheme is a specific agriculture loan scheme for farmers to purchase of paddy Lands
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People’s Thurunu Shakthi
People’s Thurunu Shakthi loan scheme for enterprieneurs recommended by National Youth Services Counsil
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People’s Diri Shakthi
People’s Diri Shakthi loan scheme for enterprieneurs recommended by small Enterprise Development Division
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Kapruka Ayojana Loans
Kapruka Ayojana Loan Scheme is a concessionary financial assistance service conducted by The Coconut Cultivation Board (CCB) in collaboration with People’s Bank, to provide investment capital for the development of coconut lands. Through this credit scheme, financial assistance and technical advisory services are provided to coconut growers in concessionary terms under 10 development categories. The primary objective of this funding service is to facilitate the development of coconut lands as whole farm units, where integrated farming systems are encouraged to attain high productivity and production.
Features
Operational Regions
Interest Rate
Maximum Amount
Securities
- Two personal guarantors acceptable to the Bank and, mortgage over a movable or immovable property
Eligibility
- Coconut new planting & inter-cropping
- Coconut replanting & inter-cropping
- Rehabilitation of coconut lands & inter – cropping
- Special projects related to coconut cultivation
- Coconut mono-cropping
- Establishment of drip irrigation system
- Establishment of flexible pipe-line water projects. (hose irrigation system)
- Farm machinery for coconut intercropping
- Nursery establishments
- Cattle, sheep, goat farming under adult coconut plantation
SAPP (Small Holder Agribusiness Partnership Programme)
Small Holder Agribusiness Partnership Programme is a special loan scheme introduced which has issued in accordance with the operating instruction of CBSL for implementing the development of the domestic agricultural sector
Features
Interest Rate
- 4P/RF 6.5%
- 4P/RF(FI) Bulk 3.75%
Rate of Interest of refinance
- 3% to CBSL
- 4P/RF FI Bulk category - 3% to CBSL
Maximum Amount
- 4P/RF FI Bulk category - 3% to CBSL
- 4P/ RF Youth Rs.2.0Mn
- RF Income generation individual Rs.300,000/-
- 4P/ RF Promoter Rs.18.0Mn
- 4P/RF promote bulk, RF FI bulk, RF tea and rubber loan amount decide according to project
Maximum Amount
- Maximum 5 Years including grace period 12 to 18 months.
Securities
- Change according to loan sub category.
- Buy back agreement, personal guarantee, property ,Inter se guarantee or other
Eligibility
- Any agribusiness activity
- Entrepreneur activities
- Community based Financial Intermediation with village-based farmer network
- Farmers, farmer groups, FOs/POs engaged in 4P arrangements of SAPP.
- Individuals engaged in income generation activities in agriculture, fisheries & livestock.
- Youth entrepreneurs connected to any agriculture value chain and fall within the age group of 18-40 years.
- Promoters officially partnered with 4P arrangements of SAPP and tea & rubber sector allied with SAPP endorsed by NSC.
- Community based Financial Intermediaries (FI) endorsed by the NSC for bulk loans These FIs are
- Co-operative Rural Banks registered under the Department of Co-operative Development
- Agrarian Bank (Govijana Banks) registered under the Department of Agrarian Development
- Samurdhi Banks registered under the Department of Samurdhi Development
- Sanasa Societies registered under the Federation of Thrift and Credit Co-operative Societies of Sri Lanka
- Beneficiaries of the previous IFAD funded programmes such as NADep, SPEnDep,Dry Zone-RF can also be eligible as beneficiaries under the line of credit
Paddy Pledge Loans
People’s Paddy Pledge loan scheme is a special loan scheme introduced with the intention of assisting Paddy Millers and Paddy Collectors in purchasing paddy. It is a valuable resource to maintain and strengthen the continuous supply of paddy and to operate the Mills more efficiently.
Features
Operational Regions
Interest Rate
Maximum Amount
- No upper limit.
- Should not exceed 75% of the value of the paddy or grain stock.
Repayment Period
Securities
- Two personal guarantors with adequate income, assets, financial standing and acceptable to the Bank together with the pledge over the stocks of grains.
- Or Other securities acceptable to the bank
Eligibility
- Paddy millers and paddy collectors to purchase paddy and other grains.
Aswenna Loan Scheme
Aswenna Loan Scheme is a specific agriculture loan scheme for farmers to purchase of paddy Lands
Features
Age Limit
Interest Rate
- Up to 1 Million - 13.5%
- Above 1 Million to 5 Million - Weekly AWPLR+ 1.5% ( Monthly Review)
Maximum/Minimum Loan Amount
- For Investment Purposes Rs.5.0Mn
- For Working Capital Purposes Rs.2.0Mn
Repayment Period
- For investment purposes 5 years with 1year grace period
- For working capital purposes 2 years with 06 months grace
Securities
- Please refer amendment (2) and (3).
Eligibility
- Purchase of Agriculture lands
- Agro machines and Agriculture vehicles
- Infrastructure development in respective business
- Purchase of animals
- fishing boats and equipments
- Dairy related vehicle and equipments
- Purchase of seeds
- fertilizer
- weedicides and pesticides etc
- Purchase of raw materials and stocks
- Sundry expenses
People’s Thurunu Shakthi
People’s Thurunu Shakthi loan scheme for enterprieneurs recommended by National Youth Services Counsil
Features
Age Limit
Interest Rate
- Up to 0.5 Million - 15%
- Above 0.5 Million to 1 Million - Weekly AWPLR+ 2.5% ( Monthly Review)
Maximum/Minimum Loan Amount
- Excising Business - Rs. 1,000,000/-
- Starting Business - Rs. 250,000/-
Repayment Period
- Investment Capital - 60 Months (Inclusive grace period)
- Working Capital - 24 Months (No grace period)
Securities
- Up to Rs.500,000/- Two personal guarantees or securities acceptable to the bank
- Above Rs. 500,000/- Government servant guarantee with another personal guarantees or securities acceptable to the bank
Grace Period
Contribution
- Investment Capital - 25% of the project cost
- Working Capital - 10% of the project cost
Other Special Requirements
- Business proposal should prepared by an appraisal officer of SED
- Recommendation letter by respective Youth Service Officer in the area
- Bank officer’s independent appraisal
- Entrepreneur training certificate from SED of Minstry or Entrepreneur Education Division of University of Jayawardhanapura
Eligibility
- Applicants engaged in commercially viable and profitable MSE at least for a period 12 months
- Graduate from recognized University/ Diploma holder in a reputed institution/NVQ certificate holder
People’s Diri Shakthi
People’s Diri Shakthi loan scheme for enterprieneurs recommended by small Enterprise Development Division
Features
Age Limit
Interest Rate
- Up to 0.5 Million - 15%
- Above 0.5 Million to 1 Million - Weekly AWPLR+ 2.5% ( Monthly Review)
Maximum/Minimum Loan Amount
- Existing Business - Rs. 1,000,000/-
- Starting Business - Rs. 250,000/-
Repayment Period
- Investment Capital - 60 Months (Inclusive grace period)
- Working Capital - 24 Months (No grace period)
Securities
- Up to Rs.500,000/- Two personal guarantees or securities acceptable to the bank
- Above Rs. 500,000/- Government servant guarantee with another personal guarantee or securities acceptable to the bank
Grace Period
- Maximum 03 Months (Interest should be paid)
Contribution
- Investment Capital - 25% of the project cost
- Working Capital - 10% of the project cost
Other Special Requirements
- A business proposal should be prepared by an appraisal officer of SED
- Recommendation by SED officer at Divisional Secretariat
- Bank officer’s independent appraisal
Eligibility
- Self employments entrepreneurs introduced by SED and our branch network
- Applicants engaged in commercially viable and profitable MSE at least for a period 12 months
