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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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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 ...
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DAD-PP (Domestic Agriculture Development Pilot Project)
Small Holder Agribusiness Partnership Programme is a special loan scheme introduced which has issued ...
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
People’s Thurunu Shakthi
People's Thurunu Shakthi loan scheme for entrepreneurs recommended by National Youth Services Council
People’s Diri Shakthi
People’s Diri Shakthi loan scheme for enterprieneurs recommended by small Enterprise Development Division
People’s Divi Maga
People’s Divi Maga loan scheme for enterprieneurs recommended by Urban Settlement Development Authority
People’s Power Loan
People’s Power Loan Scheme is a special loan scheme designed for the purpose of providing financial assistance
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
- Contact Us
Features
Operational Regions
Interest Rate
Maximum Amount
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.
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
- Features
- Eligibility
- Contact Us
Features
Operational Regions
Interest Rate
Maximum Amount
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
Eligibility
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.
DIRI Saviya Loans
DIRI Saviya loan scheme has introduced to strengthening small scale traders in the poultry business and enhance market opportunities of the poultry industry.
- Features
- Eligibility
- Contact Us
Features
Operational Regions
Interest Rate
Maximum/Minimum Loan Amount
Repayment Period
Securities
- Securities acceptable to the Bank
Eligibility
- To purchase refrigerators to new self employed traders.
- The borrower should not be a Government employee , private sector employee , full time / part time employee in other employment sector , a citizen of a another country or a person living abroad.
- Should provide evidence for valid business registration under the Department of animal production and Health and membership of the Poultry Producer’s forum.
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
- Features
- Eligibility
- Contact Us
Features
Operational Regions
- Below 1 Mn - 4% p.a
- 1Mn-25Mn - 5% p.a
Interest Rate
- Below 1 Mn - 4% p.a
- 1Mn-25Mn - 5% p.a
Maximum/Minimum Loan Amount
- 25 Mn
- Or 85% of the total estimated project cost
Grace Period
- Maximum 1 Year (Interest Should pay)
Repayment Period
- Maximum 5 Years Including grace period
Securities
- Value chain participation certificate
- Acceptable securities to the Bank
Eligibility
- for implementing the development of the domestic agricultural sector
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
- Contact Us
Features
Operational Regions
Interest Rate
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 a grace period.
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.
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
- Contact Us
Features
Operational Regions
- 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)
- For Investment Purposes Rs.5.0Mn
- For Working Capital Purposes Rs.2.0Mn
- 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 Thurunu Shakthi
People's Thurunu Shakthi loan scheme for entrepreneurs recommended by National Youth Services Council
- Features
- Eligibility
- Contact Us
Features
Operational Regions
- Existing Business - Rs. 1,000,000/-
- Starting Business - Rs. 250,000/-
- Investment Capital - 60 Months (Inclusive grace period)
- Working Capital - 24 Months (No grace period)
Age Limit
Eligibility
- Applicants engaged in commercially viable and profitable MSE at least for a period 12 months
- Graduate from a recognized University/ Diploma holder in a reputed institution/NVQ certificate holder
- A business proposal should be 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 Ministry 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
- Features
- Eligibility
- Contact Us
Features
Operational Regions
- Excising Business - Rs. 1,000,000/-
- Starting Business - Rs. 250,000/-
- 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
Age Limit
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
- A business proposal should be prepared by an appraisal officer of SED
- Recommendation by SED officer at Divisional Secretariat
- Bank officer’s independent appraisal
People’s Divi Maga
People’s Divi Maga loan scheme for enterprieneurs recommended by Urban Settlement Development Authority
- Features
- Eligibility
- Contact Us
Features
Operational Regions
- Existing Business - Rs. 300,000/-
- Starting Business - Rs. I00,000/-
- Investment Capital - 60 Months
- Working Capital - 24 Months
- Two personal guarantees or securities acceptable to the bank
Age Limit
- Should be 20 to 65 years.
Eligibility
- Self employments entrepreneurs introducing by Urban Settlement Development Authority (USDA)
- Applicants engaged in commercially viable and profitable MSE at least for a period of 12 months
- A business proposal should be prepared by an appraisal officer of SED
- Recommendation by District Social Development Officer (USDA)
- Bank officer’s independent appraisal
People’s Power Loan Scheme
People’s Power Loan Scheme is a special loan scheme designed for the purpose of providing financial assistance
- Features
- Eligibility
- Contact Us
Features
Operational Regions
Interest Rate
- Weekly AWPLR+2.5% p.a. (reviewed in 6 months)
Maximum Loan Amount
Repayment Period
- Investment Capital - 5 years with 3 months of grace period
- Working Capital - 3 years
Securities
- Up to Rs.250,000/- : Inter-se guarantee or securities acceptable to the Bank
- Up to Rs.1,000,000/- : Two personal guarantees or securities acceptable to the Bank
- Above Rs.1,000,000/- : 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/-.
