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New Comprehensive Rural Credit Scheme (NCRCS)

NCRCS has been introduced with the primary purpose of uplifting the socio-economic conditions of micro and small scale farmers who engage in cultivation of seasonal (short term) corps by funding working capital requirements at a lower costs.

  • Operational Regions
    All Districts
  • Areas for which credit is provided
    Paddy, Chilies, Potatoes, Onion, Vegetables, Grams, Soya Beans, Other Root & Tuber, Maize, Ginger, Oil Seeds, Sugar Cane and other subsidiary crops.
  • Interest Rate
    7%
  • Maximum Amount
    Rs.500,000/-
  • Repayment Period
    Maximum – 270 days
  • Securities
    Inter-se Guarantee of two farmers or other acceptable guarantees
Self Employment Promotion Initiative Phase II - Loan Scheme (SEPI – II)

SEPI – II Loan Scheme is a special loan scheme designed for the purpose of providing financial assistance to trained youth who passed out from recognized vocational training institutions in the country for establishment of their own self-employment projects

  • Operational Region
    All Regions
  • Interest Rate
    7%
  • Maximum Loan Amount
    Rs.500,000/-
  • Repayment Period
    Maximum 5 years inclusive of 6 month grace period
  • Securities
    Any Security acceptable to the Bank, such as personal guarantors/ immovable property/ movable property
  • Eligible borrowers

Sub-borrowers should have completed a National Vocational Qualification (NVQ) Program or any skills development program and an entrepreneurship skills development program under a recognized vocational training institute registered under Ministry of Skills Development and Vocational Training (MSDVT) and,

  • Should have a suitable location for the proposed enterprise.
  • Should be able to submit a business plan for review and approval of the Bank.
  • Preference will be given to trained women to receive funds under the SEPI II Loan Scheme.
Vanitha Saviya Loan Scheme

In line with the Governments’ vision towards development of women entrepreneurs in the country Bank has decided to introduce a new development lending loan scheme in order to make banking access to wider segment of women entrepreneurs engaged in commercially, technically and financially feasible business activities.

  • Operational Districts
    All Districts
  •  
  • Eligibility Criteria
    For feasible income generating activities of the women entrepreneurs.
  • Interest Rates
    9.5%
  • Maximum/Minimum Loan Amount
    For Investment Purposes – Rs.500,000/-
    For Working Capital Purposes – Rs.200,000/-
    For New Entrants – Rs.120,000/-
  • Repayment Period
    For Investment - Maximum 05 Years Including 03 months grace period.
    For Working Capital – Maximum 02 Years without grace period.
  • Age Limit
    Should be 25 to 65 years.
  • Securities
    For Loans up to Rs.200,000 – Two Suitable Personal Guarantees or any other securities acceptable to the Bank.
    For Loans over Rs.200,000 – Two Personal Guarantees with one being a Government servant or any other security acceptable to the Bank.
People’s Divi Maga

People’s Divi Maga loan scheme for enterprieneurs recommended by Urban Settlement Development Authority

  • Operational Districts
    All Districts
  •  
  • Eligibility Criteria
    Self employments entrepreneurs introducing by Urban Settlement Development Authority (USDA)
    Applicants engaged in commercially viable and profitable MSE at least for a period 12 months
  • Interest Rates
    9% (AWPLR +2)
  • Maximum/Minimum Loan Amount
    Excising Business - Rs. 300,000/-
    Starting Business - Rs. I00,000/-
  • Repayment Period
    Investment Capital - 60 Months
    Working Capital - 24 Months
  • Age Limit
    Should be 20 to 65 years.
  • Securities
    Two personal guarantees or securities acceptable to the bank

 

 

  • Other Special Requirements
  • Business proposal should prepared by an appraisal officer of SED
  • Recommendation by District Social Development Officer (USDA)
  • Bank officer’s independent appraisal
DAD-PP (Domestic Agriculture Development Pilot Project)

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

  • Operational Districts
    All Districts
  • Interest Rates
    Below 1 Mn - 4% p.a
    1Mn-25Mn - 5% p.a
  • Repayment Period
    Maximum 5 Years Including grace period
  • Grace Period
    Maximum 1 Year (Interest Should pay)

 

  • Maximum/Minimum Loan Amount
  • 25 Mn
  • Or 85% of the total estimated project cost
  • Securities
  • Value chain participation certificate
  • Acceptable securities to the Bank
Aswenna Loan Scheme

Aswenna Loan Scheme is a specific agriculture loan scheme for farmers to purchase of paddy Lands

  • Operational Districts
    All Districts
  • Interest Rates
    Loans up to Rs.1.0Mn should be 9.5% p.a. (rate is fixed for the entire tenure of the loan)
    For loans over Rs.1.0Mn should be AWPLR+1.5 (9.75% floor rate)
  • Repayment Period
    For investment purposes 5 years with 1year grace period
    For working capital purposes 2 years with 06 months grace
  • Age Limit
    25 to 65 years

 

  • Maximum/Minimum Loan Amount
  • For Investment Purposes Rs.5.0Mn
  • For Working Capital Purposes Rs.2.0Mn

 

  • Securities
  • Please refer amendment (2) and (3).

 

  • Areas for which credit is provided
  • Investment purpose :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.
  • For Working Capital :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

  • Operational Districts
    All Districts
  • Interest Rates
    9% (AWPLR +2)
  • Repayment Period
    Investment Capital - 60 Months (Inclusive grace period)
    Working Capital - 24 Months (No grace period)
  • Age Limit
    18-45 Years
  • 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

 

  • Maximum/Minimum Loan Amount
  • Excising Business - Rs. 1,000,000/-
  • Starting Business - Rs. 250,000/-

 

  • 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

 

  • 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
People’s Diri Shakthi

 

People’s Diri Shakthi loan scheme for enterprieneurs recommended by small Enterprise Development Division

 

  • Operational Districts
    All Districts
  • Interest Rates
    9% (AWPLR +2)
  • Repayment Period
    Investment Capital - 60 Months (Inclusive grace period)
    Working Capital - 24 Months ( no grace Period)
  • Age Limit
    20-65 Years
  • Eligibility
  • Self employments entrepreneurs introducing by SED and our branch net work
  • Applicants engaged in commercially viable and profitable MSE at least for a period 12 months

 

  • Maximum/Minimum Loan Amount
  • Excising Business - Rs. 1,000,000/-
  • Starting Business - Rs. 250,000/-

 

  • Securities
  • 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

 

  • Other Special Requirements
  • Business proposal should prepared by an appraisal officer of SED
  • Recommendation by SED officer at Divisional Secretariat
  • Bank officer’s independent appraisal
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