Micro Loan

The above loan scheme has been introduced with the collaboration of Central Bank of Sri Lanka (CBSL) for the purpose of providing credit facilities for resumption of economic activities in agriculture, livestock, fisheries, micro and small enterprises in the Northern Province of Sri Lanka.

• Eligible Projects

  • Agriculture and related activities
  • Livestock development
  • Fisheries and related activities
  • Micro and small enterprises
  • Trade and other self employment projects.

• Eligible Borrowers

  • Should be a permanent resident living in the Northern Province.
  • Equity contribution not less than 10% of the estimated project cost

• Maximum Loan Quantum

  90 percent of the estimated cost of the project subject to a maximum limit of Rs.200,000/-

• Interest Rate

  Concessionary interest rate decided by Central Bank of Sri Lanka 9% p.a.

• Repayment Period

  5 years with an optional grace period of 06 months

• Security

  Suitable security acceptable to the bank

The above loan scheme has been introduced with the collaboration of Central Bank of Sri Lanka (CBSL) for the purpose of providing credit facilities to provide financial assistance to youth qualified from selected vocational training institutes to commence self employment projects.

• Eligible Projects

  All National Vocational Qualifications (NVQ) occupations from Level 1-6

• Eligible Borrowers

  • Should have completed a National Vocational Qualification Programme or any skill development programme and an entrepreneurship course from the following recognized vocational training institutes.
  • Equity contribution not less than 10% of the estimated project cost.

• Maximum Loan Quantum

  Rs. 500,000/-

• Repayment Period

  4 years with an optional grace period of 08 months

• Interest Rate

  Concessionary interest rate decided by Central Bank of Sri Lanka 9% p.a.

• Security

  Suitable security acceptable to the bank