SCHEMES / LOANS

PURPOSE OF LOAN

Small Business Development Scheme

Maximum Loan Amount: 75% of project cost up to a ceiling of Rs 2 Million
Interest Rate: 11.5% p.a
Repayment Period: Up to 6 years
Moratorium Period: Up to 1 year

To finance projects in the following sectors:
(i) Manufacturing - start-ups, expansion, modernisation, computerisation, working capital finance
(ii) Trade and service - setting up, expansion, modernisation, computerisation, working capital finance
(iii) Transport - purchase of public service vehicle (taxis, lorries etc), installation of GPS-based security, anti-theft and energy-saving devices)
(iv) Printing and publishing - setting up, expansion, modernisation, computerisation
(v) Professionals - setting up of office (vi) ICT - start-ups, expansion, modernisation and other ICT-related projects
(vii) Art – art exhibition, recordings, stage plays, publication of books
(viii) Participation in overseas trade fairs and surveys

Small Business Development-Related Scheme

Maximum Loan Amount: 75% of project cost up to a ceiling of Rs 2 Million
Interest Rate: 12.5% p.a
Repayment Period: Up to 8 years
Moratorium Period: Up to 1 year

To finance:
(i) the purchase of land for industrial or commercial purpose
(ii) the construction of industrial, commercial or office building
(iii) any other business-related projects

Special Loan Scheme for the Agricultural Sector

Maximum Loan Amount: 80% of project cost up to a ceiling of Rs 1 Million
Interest Rate: 9% p.a
Repayment Period & Moratorium Period: Up to 7 years, including a moratorium of up to 2 years

Sugar cane: fine derocking and irrigation;
Potato or onion cultivation;
Fruit and flower: cultivation, fine derocking, irrigation;
Biotechnology: hydroponics, tissue culture etc;
Off-lagoon fishing: purchase of fishing vessel and engine/s;
Storage of agricultural produce: construction of shed/store; Production of agricultural seedlings

Normal Scheme for the Agricultural Sector

Maximum Loan Amount: 80% of project cost up to a ceiling of Rs 2 Million
Interest Rate: Loans up to Rs 100,000: 10% p.a.; Loans up to Rs 100,000: 11.5% p.a
Repayment Period: Up to 7 years
Moratorium Period: Up to 2 years

To finance projects in the following sectors:
(i) Sugar cane – plantation, replantation, derocking, mechanisation, irrigation, faisance valoir, multipurpose
(ii) Vegetable, fruit and flower - plantation, mechanisation, derocking and irrigation
(iii) Tobacco cultivation
(iv) Livestock breeding
(v) Transport – utility vehicle
(vi) Fishing and aquaculture
(v) Agro-processing, food preservation and other agricultural diversification projects
(vi) Seafood hub

Booster (Micro Credit) Loan Scheme for Small Entrepreneurs

Maximum Loan Amount: Rs 100,000 (covering up to 100% of cost of project)
Interest Rate: 9% p.a
Repayment Period: Up to 5 years
Moratorium Period: Up to 1 year

To finance:
(i) The setting-up of small enterprises in the manufacturing, agricultural, agri-business, handicraft, tourism, ICT or services sector
(ii) the setting up of plant nurseries
(iii) the cultivation of vegetables, fruits and flowers on a small scale
(iv) the setting-up of kindergartens
(v) small livestock breeding activities
(vi) Working capital requirements for manufacturing/processing/handicraft up to a ceiling of Rs 50,000
(vi) Small trades (excluding hawkers)

Booster (Micro Credit) Loan Scheme for Women Entrepreneurs

Maximum Loan Amount: Rs 100,000 (covering up to 100% of cost of project)
Interest Rate: 9% p.a
Repayment Period: Up to 5 years
Moratorium Period: Up to 1 year

To finance:
(i) The setting-up of small enterprises in the manufacturing, agricultural, agri-business, handicraft, tourism, ICT or services sector
(ii) the setting up of plant nurseries
(iii) the cultivation of vegetables, fruits and flowers on a small scale
(iv) the setting-up of kindergartens
(v) small livestock breeding activities
(vi) Working capital requirements for manufacturing/processing/handicraft up to a ceiling of Rs 50,000
(vii) Small trades (excluding hawkers)

Medium & Large Business Dev. Scheme

Maximum Loan Amount: Up to 60% of project cost within a ceiling of Rs 2 Million
Interest Rate: 11.5% p.a
Repayment Period: Up to 8 years
Moratorium Period: Up to 3 year

To finance projects in the following sectors:
(i) Manufacturing - startups, expansion, modernisation, computerisation , working capital finance, pollution control, energy saving
(ii) Trade and service - start-ups, expansion, modernisation, computerisation , working capital finance
(iii) Transport - purchase of public service vehicle (buses, etc)
(iv) Printing and publishing - setting up, expansion, modernisation, computerisation
(v) Health – setting-up, expansion, refurbishment of clinics, pharmacies
(vi) Tourism – setting-up, expansion, refurbishment of hotels/restaurants, purchase of contract cars
(vii) Any other tourism-related activity
(viii) Professionals - setting up of office
(ix) Bank fishing (x) Setting up of market fair and craft villages

Micro Credit Financing Scheme (Through Trust Fund)

Maximum Loan Amount: Rs 50,000
Interest Rate: 5% p.a
Repayment Period: 4 years plus 6 months moratorium

Providing finance to micro entrepreneurs in vulnerable groups involved in income-generating activities

Quasi-Equity Financing Scheme

Maximum Loan Amount: 75% of project cost up to a ceiling of Rs 500,000
Repayment Period & Moratorium Period: For more info, contact DBM

Providing equity and quasi-equity to SMEs

Loan scheme for purchase of land for agricultural, industrial or commercial purpose and for construction of industrial, commercial or office building

Maximum Loan Amount: Up to 75% of project cost within a ceiling of Rs 2 Million
Interest Rate: 12.5% p.a
Repayment Period: Up to 8 years
Moratorium Period: Up to 2 years (applicable for construction of building)

To finance: the purchase of land for agricultural, industrial or commercial purpose; the construction of industrial, commercial or office building

Private Secondary Schools regis-tered with PSSA

Maximum Loan Amount: 60% of proposed capital investment up to a ceiling of Rs 2 Million
Interest Rate: 6% p.a
Repayment Period: Up to 8 years

Upgrading of private secondary schools registered with the PSSA

Personal Computer Loan Scheme

Maximum Loan Amount: Rs 35,000
Interest Rate: 3% p.a
Repayment Period: Up to 5 years

Purchase of a computer (desktop or laptop) for personal use

Solar Water Heater Loan Scheme

Maximum Loan Amount: Rs 25,000
Interest Rate: 9% p.a
Repayment Period: Up to 7 years by monthly fixed instalment

Purchase and installation of solar water heater for domestic use

Education Loan for University students (Through Trust Fund for Social Integration of Vulnerable Groups)

Maximum Loan Amount: Rs 100,000 for duration of course with a maximum of Rs 50,000 per course year
Interest Rate: 8% p.a
Repayment Period: 4 years

Financing of cost of studies in local universities

Loan to Religious Bodies

Maximum Loan Amount: 5 times the annual subsidy received by the society
Interest Rate: For more info, contact DBM
Repayment Period: Up to 5 years

Renovation/repairs of religious edifices

Water Tank Loan Scheme

Maximum Loan Amount: Rs 8,000
Interest Rate: 8% p.a
Repayment Period: Up to 2 years

Purchase of a water tank for domestic use