Lankaputhra Development Bank Limited

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		Special Loan Scheme for Garment Industries – SME Sector


A financial assistance scheme introduced by The Ministry of Finance and Planning to uplift the SME Garment industry in Sri Lanka.
Eligibility Criteria
		Should be an operating factory (not closed)
		Located outside Colombo District
		Should be a Direct Exporter ( Sub Contactors may be considered subject to documentary proof)
		Recommended by The Clothing Industry Training Institute (CITI) and Joint Apparel Association Forum (JAAF)
		Should provide employment opportunities – Maximum 350, Minimum 10
		Movable Assets value – less than LKR. 30Mn
		Annual Turnover – less than LKR. 100 Mn

Eligible Loan Categories
		To modernize factory building
		To upgrade machinery and purchase of new machinery

Loan Amount
Maximum Loan LKR. 15 Mn. ( LKR. 7.5 Mn for building and LKR. 7.5 Mn for Machinery )

Interest Rate


Repayment Period
10 years for building and 5 years for machinery

Collateral
Fixed ( land and building ) or movable assets ( machines)

* Interest quoted is subject to change at the Bank discretion.

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