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Agriculture loans

Agriculture loans

The Bank offers short term loans to meet working capital requirements and medium term loans to meet capital expenditure requirements under agriculture.

Sarusara Loan Scheme

Sarusara Loan Scheme

The Sarusara Loan scheme is offered with the collaboration of Central Bank of Sri Lanka to uplift the socio- economic conditions of micro and small scale farmers, who engage in cultivation of seasonal crops, by providing working capital requirements at a lower cost.

  • Eligibility

    • Farmers who have the freehold and leasehold ownership of the land.
    • Age between 18 to 55 years. To obtain a loan by a borrower who is 55 years or above, a family member such as daughter or son should be made party to the loan.
  • Maximum Loan Quantum

    Bank will finance up to 75% of the total cost of the project

  • Repayment Period

    270 days

  • Interest Rate

    Concessionary interest rate decided by Central Bank of Sri Lanka. (Presently 7%)

  • Security

    Suitable security acceptable to the bank

Kapruka Ayojana Loan Scheme

Kapruka loan has been designed in collaboration with the Coconut Cultivation Board to extend credit facilities to cultivators to encourage domestic coconut production.

  • Eligible Sectors

    • New planting coconut with inter-cropping
    • Replanting coconut with inter-cropping
    • Inter-cropping of mature coconut plantation
    • Rehabilitation of mature coconut
    • Coconut replanting as a mono crop
    • Irrigation for coconut inter-crop farming systems
    • Farm equipment for coconut estates
    • Nurseries for pineapple and banana
    • Animal Husbandry in the coconut plantation
  • Maximum Loan Quantum

    Rs. 2,000,000/- per person per project up to a maximum of 02 projects

  • Repayment Period

    5 years with an optional grace period of 01 year.

  • Interest Rate

    9% p.a.

  • Security

    Security acceptable to the bank

Commercial Scale Dairy Development Loan Scheme

CSDDLS loan has been designed in collaboration with the Central Bank of Sri Lanka to extend credit facilities to dairy farmers to encourage commercial scale dairy production.

  • Eligible Sectors

    • Purchase of cows
    • Establishment of cattle sheds, buildings, irrigation systems (sprinklers, pipelines etc), well or agro well.
    • Fodder cultivation
    • Establishment of new farms
    • Farm development
    • Construction of bio gas units
    • Expansion of existing farm
    • Production of dairy based products / Milk processing
    • Purchase of machinery and equipment such as tractor, water pump, refrigerator, cream separator, milking machine, and grass chopper
    • Transport and storage to preserve milk and milk based products
    • Any other innovative activity directly related to dairy development or promoting the culture of drinking liquid milk
    • Any other innovative methods recommended by Veterinary Surgeon / livestock officer for improvement of production and quality of products
  • Maximum Loan Quantum

    Rs. 25,000,000/-

  • Repayment Period

    5 years with an optional grace period of 06 months.

  • Interest Rate

    Concessionary interest rate decided by Central Bank of Sri Lanka. Presently 6% p.a.

  • Security

    Security acceptable to the bank