ADB (Asian Development Bank) funded loan scheme for economically and financially viable projects in order to boost the agriculture , Tourism, Manufacturing , Technology and export-oriented businesses.
| Maximum Loan Amount | Interest Rate (%p.a) | Tenure |
|---|---|---|
| LKR 10,000,000.00 | 8.00 | 03 Year |
Features
- Maximum repayment period
- Eligible Sectors - any sector except trading, leasing, and renting businesses
- Economically and financially viable projects
- An annual turnover of less than LKR 1.0 billion
- Employee strength less than 200
- Enterprises must be registered at the department of the of the registar of companies or local government authority has accepted its business reqistration application
Conditions for the Women led Enterprises
- At least 51% of the enterprise ownership must be controlled by women
- At least 20% of the enterprise ownership is controlled by woman with woman is either the Chief Executive Officer or the Chief Operations Officer and at least 30% of the board members are women; where a Board exist.
| Eligible projects | Eligible expenditure |
|---|---|
| Agriculture | Perment working capital requiremnets |
| Tourism | One business can entity can obtaion only one loan under the scheme |
| Manufactoring | |
| Technology | |
|
Export oriented (Except trading, leasing and renting business ) |
Documents Required
- Copy of BR
- Loan application
- Environment Protection License (EPL)
* Additional time will be taken for processing any loan with any deviations from the eligibility criteria.
