The Small and Micro Industry Leader and Entrepreneur Promotion Project also know as SMILE III RF Loan Scheme is offered with the collaboration of the Ministry of Industry and Commerce for Small and Micro Scale Enterprises (SMIs)

Eligible Projects

  • Small and Medium Scale Enterprises (SMEs) which total assets value is below LKR 75 Million excluding land and building.

The following manufacturing and industrial sub-sectors will be eligible for financing under SMILE III revolving fund loan scheme

  • Tea (to be considered value addition under packaging)
  • Coir
  • Rubber
  • Footwear
  • Plastic
  • Textile & Apparel
  • Food products
  • Herbal products
  • Information Technology (excluding Trading)
  • Gem & Jewellery (Design development and introduction of new technology)
  • Handlooms and handicrafts
  • Leather
  • Packaging
  • Ceramics
  • Spices (Value addition)
  • Wood products
  • Production of Machinery, tools & apparatus / Metal products and allied industries

Maximum Loan Quantum

  • LKR 25,000,000.00

Repayment Period

  • 10 years with an optional grace period of 02 years.

Interest Rate

Details Rate p.a.%
Concessionary interest rate decided by Central Bank of Sri Lanka. 8.00%


  • Suitable security acceptable to the bank