A special loan scheme introduced to improve the income generating avenues of small farmers and others who are primarily engaged in dairy farming activities in the agricultural sector.
Objectives
To facilitate the dairy farmers to purchase cows/heifers, chilling equipment, services and construction of cattle sheds for enhancement of liquid milk production and to adopt new technology and techniques
For whom
Small farmers engaged in agricultural and dairy farming activities and who require fixed and working capital assistance
Eligible Loan Category :
Purchase of cows, heifers, equipment for the development of dairy projects and construction of cattle sheds.
Processing of liquid milk and production of milk based products.
Agro-based and agro-related processing industries.
Enhancing storage facilities in the processing industry.
Loan Amount
Small dairy farms - Maximum LKR. 400,000
Liquid milk processing and agriculture crop processing industries - Maximum LKR. 300 million
Interest Rate
Small dairy projects 12%*
Liquid milk processing and Agriculture crop processing industries 12% *
Repayment Period
Up to a maximum of 5 years.
* Interest quoted is subject to change at the Bank discretion.
