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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 ...
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Vanitha Saviya Loan Scheme
In line with the Governments’ vision towards development of women entrepreneurs in the country Bank has decided ...
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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 Power Loan Scheme
People’s Power Loan Scheme is a special loan scheme designed for the purpose of providing financial assistance
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Kapruka Ayojana Loan Scheme
Kapruka Ayojana loan scheme was introduced in 1998,in collaboration with the Coconut Cultivation Board (CCB)
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NCRCS Loans
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.
- Features
- Eligibility
- KFD
- Contact Us
Features
Operational Regions
Interest Rate
- 6%
Note : 2% penal interest will be charged on overdue installment(s), where applicable.
Maximum Amount
- Loan Amount will be varied base on the crop
Repayment Period
Securities
- Inter-se Guarantee of two farmers or other acceptable guarantees
Eligibility
- Paddy
- Chilies
- Potatoes
- Onion
- Vegetables
- Grams
- Soya Beans
- Other Root & Tuber
- Maize
- Ginger
- Oil Seeds
- Sugar Cane
- other subsidiary crops.
Vanitha Saviya Loans
In line with the Governments' vision towards the development of women entrepreneurs in the country, People's Bank has decided to introduce a new development lending loan scheme in order to make banking access to a wider segment of women entrepreneurs engaged in commercially, technically and financially feasible business activities.
- Features
- Eligibility
- KFD
- Contact Us
Features
Operational Regions
Interest Rate
- For Loans up to Rs.1.0 Mn - 8.0% p.a. (Fixed)
- For Loans above Rs.1.0 Mn up to Rs.10 Mn - 10.5% p.a. (Fixed)
- For Loans above Rs.10 Mn up to Rs.25 Mn - 12.5% p.a. (Fixed)
Note : 2% penal interest will be charged on overdue installment(s), where applicable.
Maximum/Minimum Loan Amount
- For Investment Purposes - Rs.25.0 Mn
- For Working Capital Purposes - Rs.25.0 Mn
Repayment Period
- For Investment - Maximum 05 Years Including 06 months grace period.
- For Working Capital - Maximum 03 Years without a grace period.
Securities
- For Loans up to Rs.3.0 Mn - Two personal guarantees or securities acceptable to the Bank.
- For Loans over Rs.3.0 Mn - Immovable property mortgage or securities acceptable to the Bank.
Eligibility
- For feasible income-generating activities of the women entrepreneurs.
- Should be 25 to 65 years.
Aswenna Loan Scheme
Aswenna Loan Scheme is a specific agriculture loan scheme for farmers to purchase of paddy Lands
- Features
- Eligibility
- KFD
- Contact Us
Features
Operational Regions
Interest Rate
- Up to Rs.1 .0 Mn -
- Up to 3 years - 12.0 %
- Above 3 Years - 12.5%
- Rs. 1.0 Mn to Rs. 10.0 Mn
- 13.0% p.a or weekly AWPLR + 1.5% p.a. (bi annual review)
Note : 2% penal interest will be charged on overdue installment(s), where applicable.
Maximum Amount
- For Investment Purposes Rs.5.0Mn
- For Working Capital Purposes Rs.2.0Mn
Repayment Period
- For investment purposes 5 years with 1 year grace period
- For working capital purposes 2 years with 06 months of grace
Age Limit
Securities
- Please refer amendment (2) and (3).
Eligibility
- 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 Power Loan Scheme
People’s Power Loan Scheme is a special loan scheme designed for the purpose of providing financial assistance to commercially and technically viable, financially feasible MSMEs to improve their products, services and related processes whilst upgrading their business levels and also, uplifting the living being of low income earners through providing finance for their income generating activities.
- Features
- Eligibility
- KFD
- Contact Us
Features
Operational Regions
Interest Rate
- For Loans up to Rs 0.5 Mn – 10.0% p.a. (Fixed)
- For Loans up to Rs 1.0 Mn – 10.0% p.a. (Fixed)
- For Loans Up to Rs.1.0 Mn to Rs.5.0 Mn - 12.5% p.a. (Fixed)
Note : 2% penal interest will be charged on overdue installment(s), where applicable.
Maximum Amount
Repayment Period
- For investment purposes : 5 years with 3 months of grace period
- For working capital purposes : 3 years
Securities
- Group Loan
- Up to Rs.500,000/- : Inter-se guarantee or securities acceptable to the Bank (Maximum Repayment period 3 years)
- Individual
- Up to Rs.3,000,000/- : Two personal guarantees or securities acceptable to the Bank
- Above Rs.3,000,000/- : Immovable property mortgage or securities acceptable to the Bank
Purpose
- Funds required as investment and working capital for existing businesses and new businesses.
Eligibility
- Any business operating in Sri Lanka that is commercially viable and profitable will be considered to finance under this scheme.
- Annual turnover of the business should be less than Rs.25.0 Mn.
- The borrower must submit the Business Registration for loans exceeding Rs.1,000,000/-.
Kapruka Ayojana Loan Scheme
Kapruka Ayojana loan scheme was introduced in 1998,in collaboration with the Coconut Cultivation Board (CCB), with the objective of providing credit facilities for the development of Coconut Cultivation. The prime intention of this loan scheme is to encourage growers to develop coconut lands as a complete combined farm unit and provide financial facilities for that purpose and achieve a high production rate and productivity in coconut lands accordingly. While selection of suitable lands, identification of viable projects and preparation of project reports etc. are attended to by Project Officers of the CCB, loans will be disbursed in stages by Bank in accordance with the relevant project reports.
- Features
- Eligibility
- KFD
- Contact Us
Features
Operational Regions
Interest Rate
- 8%
Note : 2% penal interest will be charged on overdue installment(s), where applicable.
Maximum Amount
Repayment Period
- Maximum 5 Years ( including maximum 12 months grace period )
Securities
- Two personal Guarantee or any other securities acceptable to the Bank according to the credit procedure manual.
Purpose
- Coconut new Planting and Replanting
- Intercropping
- Rehabilitation of Coconut Lands
- Drip/Hose Irrigation system
- Farm Machinery
- Crop Protection
- Cattle, sheep, goat farming under coconut plantation
Eligibility
- Applicant should submit a viable project report.
- Applicant should be between 18-65 age category.
- Coconut Cultivation Board should recommend the suitability of the land for cultivation of coconut and should certify completion of the estimated part of work.
- Applicant should make an equity contribution of at least 20% out of the total project cost.
People’s Tower, No.374, Dr. Colvin R. De Silva Mawatha,
011-2481481 
info@peoplesbank 
