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Refinance
Loans

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

  • All Districts

Interest Rate

  • 8% per annum

Maximum Amoun

  • Rs.3.0 Mn

Securities

  • Two personal guarantors acceptable to the Bank and, mortgage over a movable or immovable property

Eligibility

Areas for which credit is provided

  • 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
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Chairman

Mr. Sujeewa Rajapakse

Mr. Sujeewa Rajapakse is a Managing Partner of BDO Partners which is the local representative of BDO - the fifth largest accounting network in the world. A Fellow of the Institute of Chartered Accountants of Sri Lanka (FCA) and a Fellow of Institute of Chartered Management Accountants of Sri Lanka (FCMA), Mr.Rajapakse holds a Master of Business Administration (MBA) from Postgraduate Institute of Management (PIM), University of Sri Jayewardenepura. During his professional career that spanned nearly four decades, he held the honorary positions of President, Vice President and Council Member (elect) of the Institute of Chartered Accountants of Sri Lanka (ICASL), Former Chairman of Auditing Standards Committee of ICASL, President of Practicing Accountants Forum of Sri Lanka, Treasurer of Sri Lanka Cricket, Treasurer for Cricket World Cup 2011, Board Member and Technical Advisor to South Asian Federation of Accountants (SAFA), Technical Advisor to Confederation of Asia Pacific Accountants (CAPA) and Council Member of University of Sri Jayewardenepura. He has also served in the directorates of National Development Bank PLC, Softlogic Insurance PLC, Dipped products PLC, Heycarb PLC, Development Holdings (Pvt) Ltd, Lanka Holdings (Pvt) Ltd, NDB Capital Ltd – Bangladesh, The Finance Company PLC and Unidil Packaging.

Director

Mr. Dushmantha Thotawatte

Mr. Dushmantha Thotawatte was appointed to the Board of Directors with effect from 08.07 2022. Mr.Thotawatte is a fellow member of the Institute of Chartered Accountants of Sri Lanka with a Bachelor of Commerce (Special Degree) from the University of Sri Jayawardhanepura & a Master in Financial Economics from the University of Colombo. He is an accomplished leader who has extensive experience in the field of Financial Management, Corporate Governance, Strategic Management and Public Relations, together a successful track record as Chief Executive Officer, Chief Financial Officer and Chief Internal Auditor in many state owned enterprises and private organizations and counts over 38 years of experience.