A special agricultural base credit scheme to the small farmers to purchase agricultural equipments, services and other inputs. The scheme envisages enhancing income generating avenues to the farming community.
Objective
To facilitate the small farmers to purchase agricultural equipments, services and other inputs for boosting of their income level while creating new employment opportunities in the agriculture sector and related fields.
To open avenues for small farmers to move towards new technology, techniques and market opportunities.
For Whom
Small farmers and others engaged in agri based self employment activities in the agricultural sector.
Eligible Loan Categories
Credit facilities will be granted for the following purposes to develop Agriculture and Agro – base industries.
Agricultural equipments.
Animal husbandry.
Extension services for agricultural activities
Organic farming and producing of organic fertilizer.
Enhancing storage facilities.
Micro irrigation, Drip-irrigation and distribution systems etc.
Development of protected agriculture.
Loan Amount
Maximum amount per borrower is LKR. 100,000/-
(Maximum amount for Drip Irrigation is LKR. 350,000/- )
Interest Rate
12% per annum.*
Repayment Period
Maximum 3 years.
* Interest quoted is subject to change at the Bank discretion
