A Credit scheme introduced jointly with the Mahaweli Authority of Sri Lanka for Small and Medium Entrepreneurs in the Mahaweli areas as gazetted under the Mahaweli Authority Act.
Objective
To facilitate the Mahaweli settlers obtain modern technology, access the local and export markets and increase business and employment opportunities.
To expand the potential for value addition of the agricultural and other products in the Mahaweli area.
For Whom
Small and medium entrepreneurs in Mahaweli B, C, G, H, L , Walawe, Medirigiriya , Huruluwewa and Upper Mahaweli area , Kothmale and Victoria area gazetted under the Mahaweli Authority Act.
(Loan application should be forwarded to the bank with the recommendation from the Residential Projects Manager(RPM),Mahaweli Authority of Sri Lanka )
Eligible Loan Categories
Agro processing (rice milling, grain legume processing, fruit and vegetable processing, dehydration , etc )
Livestock production and processing .
Ornamental fish breeding and farming.
Fresh water fish processing ( filleting, smoking , drying etc )
Introduction of hi-tech agriculture (drip irrigation, tissue culture, green / net houses etc.)
Manufacturing of high tech machinery, equipment and spare parts.
Loan Amount
Up to LKR. 10 million
Interest Rate
8% per annum* (This loan scheme has temporarily suspended)
Repayment Period
Up to maximum of 4 years.
* Interest quoted is subject to change at the Bank discretion.
