A loan scheme introduced by the Sri Lanka Footwear Association in collaboration with the Ministry of Industrial Development, to finance no so large Footwear Industry, by upgrading and modernizing their production process.
Objective
To upgrade and modernize the production process by providing financial assistance to entrepreneurs in the Footwear Industry.
For Whom
Entrepreneurs registered with the Footwear Association and engaged in the footwear manufacturing industry, in a small scale.
Eligible Loan Categories
Purchase of machinery and raw materials related to Footwear Industry.
Loan Amount
Term Loan Maximum LKR. 250,000
Working Capital Maximum LKR. 250,000
Interest Rate
The rate of interest applicable is 12% per annum.*
Repayment Period
Up to a maximum of 3 years.
* Interest quoted is subject to change at the Bank discretion.
