• Operational Regions
  All-Regions
• Eligibility criteria
  Business activities of small and medium scale enterprises. Businesses having an annual turnover of Rs. 15 Million to Rs. 750 Million and Business startups with equity investment Rs1.0 Million to Rs. 5.0 Million.

• Areas for which credit is provided
  Investments and working capital requirements will be funded for following projects/ Businesses:

• Agriculture
• Agri-oriented Projects/Businesses
• Industrial Businesses
• Trading Businesses
• Milk and Dairy Related Projects
• Livestock
• Ornamental Fish
• Fisheries Industry
• Information Technology
• Apparel Industry
• Tourism and Hotel Projects
• Construction of Buildings
• Printing
• Educational
• Service Provisions
• Export and import Businesses
• Health Services
• Any other economic activities
• Facilities for settlement of Credit Facilities in other Banks and Financial Institutions

• SMED Loans

• Interest Rate
  
  • Manufacturing & Services –Weekly AWPLR +2.5% p.a
  • Trading - Weekly AWPLR +3.5% p.a
• Maximum Amount
  On the need basis upon evaluation.
• Repayment Period
  Maximum10 years, including a maximum grace period of 24 months. (if required).
• Securities
  Guarantees, Mortgage over a movable or immovable property or any other security acceptable to the bank.

• SMED Short term loans

• Interest Rate
  
  • Manufacturing & Services –Weekly AWPLR +2.5% p.a.
  • Trading - Weekly AWPLR +3.5% p.a.
• Maximum Amount
  On the need basis upon evaluation
• Repayment Period
  Up to 365 days

• SMED Letter of Credit Facilities

• Maximum Amount
  The maximum amount will be decided based on working capital requirement.
• Securities
  Any security acceptable to the bank.

• SMED Permanent Over Drafts

• Interest Rate
  
  • Manufacturing & Services –Weekly AWPLR +2.5% p.a
  • Trading - Weekly AWPLR +3.5% p.a
• Maximum Amount
  The maximum amount will be decided based on working capital requirement.

• Repayment Period

• POD facilities less than Rs. 5.0 Mn valid for three years (3 Years) subject to an annual review.
• All facilities above or equal Rs. 5.0 Mn should be valid for 365 days (1 Year) subject to an annual review.

The dairy industry has an enormous potential to grow rapidly contributing to the overall economic development creating thousands of direct and indirect employment opportunities with the infusion of fresh capital required to acquire new technology, machinery and large breed stock of mulching cows. It is necessary that Sri Lankan dairy industry transform from small-holder dominated livestock industry to a viable, medium-to-large scale; commercially oriented private sector engaged dairy industry. The implementation of CSDDLS is a timely Endeavour in this context as the scheme facilitates the medium to large scale dairy development to obtain credit facilities for commercialized dairy activities.

• Operational Regions
  All Regions.
• Interest Rate
  6% per annum in regular repayment.
• Maximum Amount
  Maximum Loan amount is Rs. 25 million.
• Repayment Period
  The maximum duration for loan repayments will be six years inclusive of a grace period of 12 months if required.

• Eligibility criteria

• The borrower shall be a citizen of Sri Lanka.
• Be an individual or group of persons or a registered company in Sri Lanka.
• Regional Plantation Companies.
• The dairy farm should consist minimum 7cows.
• Should have a business plan acceptable to the Bank.
• Should be able to provide the business plan, project report and other documents requested by the Bank.
• Should be able to manage the dairy project/dairy related project to maintain the project profitability.
• Be able to provide the collateral required by the Bank.
• Should have an adequate repayment capacity.
• The borrowers' equity contribution should be a minimum of 15% of the total project cost in cash.
• Applicants should not be willful defaulters of any Financial Institution.
• Must have a viable business activity and subject to Bank’s creditworthiness assessment.
• Must be involved in an activity related to the loan scheme that complies with the Social and Environmental Risk Management Framework.

• Areas for which credit is provided
  

• Purchase of Cows.
• Establishment of cattle sheds, buildings, irrigation system (sprinkler, pipeline), well or agro-well.
• Fodder cultivation.
• Establishment of new farms.
• Farm development.
• Construction of biogas units.
• Expansion of existing farms.
• Production of dairy-based products / Milk processing.
• Purchase of machinery and equipment such as a tractor, water pump, refrigerator, cream separator, milking machine and grass chopper.
• Transport and storage to preserve milk and milk based products.
• Any other innovative activity directly related to dairy development. Or promoting the culture of drinking liquid milk.
• Any other innovative methods recommended by Veterinary Surgeon/ livestock officer for improvement of production and quality of products.

• Operational Regions
  All-Regions
• Interest Rate
  CBSL’s most recently published six month’s Average Weighted Deposit Rate (AWDR)+3.5%
  For working capital loans AWDR+ 3.5% ( currently 12.54% )
  For interest loans AWDR +3.0 % (Currently 12.04%)
• Maximum and Minimum Amount
  
  • Maximum of Rs.50.0 Mn.
  • A single borrower may avail multiple loans, but the gross principle of those loans is capped at Rs. 50.0Mn
• Securities
  Personal guarantees, mortgage of movable or immovable properties or any other securities acceptable to the Bank.

• Eligibility criteria

• The enterprises must be registered. Applicants who have not formally registered may qualify to obtain loans if they can submit evidence that its business registration application has been accepted by the Department of the Registrar of Companies or local government authority.
• First-time business entrepreneurs that may have previously taken consumer loans are eligible as new ventures.
• Borrowers must be economically and financially viable.
• Borrowers may not be related parties of the Bank’s Board or senior management.
• Borrowers (the parent company and any subsidiaries) must have annual turnover under Rs. 750.0 Mn and less than 300 employees if in the manufacturing sector or less than 200 employees if in the service industry.

• Repayment Period

• Investment Loan - maximum ten years inclusive of a grace period If required.
• Loans granted for purchasing of machinery, equipment, and furniture, repayment period should be restricted to a maximum up to the use of lifetime of the machinery, equipment, and furniture.
• Working Capital Loan - maximum two years. No grace period could be considered.
• The maximum grace period will be two years. (Only for the investment loans with tenure over three (3 years.)

• Areas for Which Credit is approved

• Enterprises with turnover below Rs. 750.0 Mn

• Agriculture
• Agri-oriented Projects/Businesses
• Industrial Businesses
• Trading Businesses
• Milk and Dairy related Projects
• Livestock
• Ornamental Fish
• Fisheries Industry
• Information Technology
• Apparel Industry
• Tourism and Hotel Projects
• Construction of Buildings
• Printing
• Educational
• Service Provisions
• Export and import Businesses
• Health Services
• Any other economic activity

Jaya Isura is a special loan scheme designed for productivity enhancement of the SME’s in Sri Lanka. It has been introduced to support the SMEs engaged in agriculture, fisheries, livestock, floriculture, horticulture, light engineering, printing, tourism, handicrafts, apparel, information technology and manufacturing industry sectors.

• Operational Regions
  All-Regions
• Securities
  Personal guarantees, mortgage of movable or immovable properties or any other securities acceptable to the Bank.
• Interest Rate
  
  • Following interest rates are applicable during 01.01.2018- 31.12.2018 for regular repayments.
  • Small Enterprises -6.75% p.a
  • Medium Enterprises- 10.12% p.a
• Eligibility criteria
  
  • Small Enterprices with an annual turnover of Rs. 10.0 Million to Rs.250 Million and emeployement carder of 05 to 50.
  • Medium Enterprises with an annual turnover of Rs. 250 Million to Rs. 750Million and employment cadre of 51 to 300 people.

• Areas for which credit is provided

This loan scheme is considered for SMEs of above two categories engaged specially in

• Agriculture
• Fisheries
• Livestock
• Floriculture
• Horticulture
• Light engineering
• Printing
• Tourism
• Handicraft
• Apparel
• Information technology
• Manufacturing industry sectors.

(Investment purposes and working capital components together for investment purposes will be considered to grant credit facilities for above sectors.)

• Maximum Amount
• Small Enterprises

• Ordinary borrowers who supply the products/ services to local market-maximum Rs. 50.0 Million.
• Borrowers who are engaged in exporting the products/ services to export market- maximum Rs. 100.0 Million.

• Medium Enterprises

• Ordinary borrowers who supply the products/ services to local market- maximum Rs. 200 Million.
• Borrowers who are engaged in exporting the products/ services to export market- maximum Rs. 400 Million.

• Repayment Period
• Investment loan

• Maximum 5 years inclusive of maximum one year grace period.

• Working Capital Loan

• Maximum 3 years. No grace period could be considered.

• Securities

• Personal guarantees, mortgage of movable or immovable property or any other security acceptable to the bank.