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Overview of Development Banking Division

The Bank recognized the need for focused resource allocation to service the MSME sector (Micro Small & Medium Enterprises) in 1987 and as a result, the Development Banking Department was established with a vision to be a premier Development Banking solution provider by positively contributing towards the Socio-economic development of the nation. Since then, the Bank has made significant inroads to the development of business sector of the country.

The Development Banking Department consists of staff experienced and knowledgeable in project evaluation and financing. They are also engaged in advising, guiding and assisting the branch network where necessary. All refinance credit lines are centrally administrated and co-ordinated by the Development Banking Department.

The Development Banking Department focuses on business start up and expansion financing, mainly utilizing the credit lines available to the banking industry as well as concessionary funds sourced from our own funding base & the Investment Fund Account (IFA).

Assistance to the MSME

The MSME sector is well recognized for its contribution in term of employment, innovation & economic dynamism & also considered as an engine of growth playing an essential part of a healthy economy

Sampath Bank has played a pivotal role in assisting MSMEs, qualifying to be eligible to almost all credit lines made available to the banking industry & offering a wide range of products & financial solutions to the MSMEs.

Assistance to Large Enterprises

Our team is highly competent in offering tailor-made financial solutions to the large enterprises irrespective of what stage they are in. Due recognition is given to the role that the large enterprises are playing in the national economy & Development Banking Department offers the complete range of facilities to help the business grow further. Our team can generously contribute their industry knowledge in shaping up your business.

No matter from which part of the country/globe you are from, at Sampath Bank Development Banking Department, you can experience a warm welcome, friendly service, the promptness in delivering the best financial solutions for your business at attractive & flexible terms. With our development banking solutions you can only expect success as we take care of your business in every step.

Start –Up Projects

Customized financing solutions are provided to new enterprises. These loans are considered on flexible terms and proceeds could be utilized to finance capital assets, working capital and to meet pre operational expenses.

Expansions, Relocations & Diversifications

Financial support is given to existing enterprises to expand the business activities & to move up to the next level. Loan proceeds could be utilized to acquire capital assets & to finance incremental working capital requirement. Further, financial assistance is also available for relocation of factory premises as well as diversification activities of the enterprises.

Working Capital financing

Existing operating Enterprises could obtain term loans and overdrafts to finance their working capital requirements in line with business needs.

Bridging Finance

Short Term Loans are given to start up or existing Enterprises to finance short term business requirements until regular or next stage of financing is obtained.

Other Facilities

In addition, Products like Leasing, Trade Financing, (Import And Export Related Services) and Bank Guarantee facilities are offered by the department.

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CREDIT FACILITIES AVAILABLE FOR SMALL AND MEDIUM ENTERPRISES

  1. Small & Medium Enterprise Development Facility - PHASE 11
  2. Prosperity (Saubagya) Loan Scheme
  3. Smile III (Revolving) Fund
  4. Kapruka Ayojana Loan Scheme
  5. Southern Province Revolving Phase II- (SPREV -PH 11) - Southern Province Only
  6. Northern Province Phase II- (Pibidena Uthura) - Nothern Province Only
  7. Small Holder Plantation Entreprenurship Development Programme -SPEnDP
  8. Sampath Green Energy and SME Development Loan Scheme
  9. Credit Facilities out of the funds from China Development Bank(CDB)

INTEREST SUBSIDY SCHEMES

  1. Commercial Scale Dairy Development Loan Scheme(CSDDLS)
  2. New Comprehensive Rural Credit Scheme(NCRCS)

 

Small & Medium Enterprise Development Facility - PHASE 11

ELIGIBLE PURPOSESELIGIBLE PROJECTS/CUSTOMERSOPERATING AREASLOAN AMOUNTEQUITY CONTRIBUTIONREPAYMENT PERIODON LENDING RATE

• Investment Loans to meet the cost of capital expenditure of the selected project.


• Working Capital Loans to meet the permanent working capital requirement. of manufacturing industries or projects

• Any private enterprise operating in Sri Lanka/ Registered businesses with annual turnover of under Rs 300 million

• Existing  customers of SMEDeF -PH 1


The subsidiary companies of large companies will not be eligible even though the turnover of individual entities may be under Rs 300 million


• must be involved in an activity that complies with the Social and Environmental Risk Management Framework established for the projects

All Island 

The maximum amount of sub loans to any single enterprise is Rs.25.0 Mn

Minimum equity contribution of 25% or more on the sub project

i. Investment Loans – Minimum 3 Years Maximum 10 Years (Including the maximum grace period of 02 years)


ii. Working capital facilities - 03 years

1 Month AWDR (Fixed) + 2.5 %

 

Prosperity (Saubagya) Loan Scheme

ELIGIBLE PURPOSESELIGIBLE PROJECTS/CUSTOMERSOPERATING AREASLOAN AMOUNTEQUITY CONTRIBUTIONREPAYMENT PERIODON LENDING RATE

1. Micro, Small & Medium Scale Enterprises (MSMEs) of which total assets value should below Rs 40.0 Mn (excluding land & building)and employed 5-100 persons

2. Any other income generating activity other than the activities covering under livestock and fisheries sectors

Permanent residents living in Sri Lanka
More attention will be given to 10% Innovative Projects ,under privilaged Provinces and 50% on women entrepreneurs and 10% for projects promoted by graduates

All Districts in Sri Lanka

Maximum amount - Rs.25.0 Mn. for North & East and Rs.10.0Mn for other areas

15% of the estimated cost of the project

Maximum5 Years

(including 06months grace period)

8% p.a.

 

Smile III (Revolving) Fund

ELIGIBLE PURPOSESELIGIBLE PROJECTS/CUSTOMERSOPERATING AREASLOAN AMOUNTEQUITY CONTRIBUTIONREPAYMENT PERIODON LENDING RATE

1. General Loan Scheme (GLS)

a. Purchase of machinery & other fixed assets

b. Commercial vehicles

c. Permanent working capital

2. Technical Transfer Assistant Scheme

a. Training and Consultancies

b. Quality Control Equipments

Sole Proprietorships, Partnerships, Limited liability companies, Co-operative societies, Any other privately owned enterprises who possess a business registration certificate

The Investment in Fixed Assets Excluding Land & Building should not exceed Rs.30.0Mn on completion of the sub project.

All Districts in Sri Lanka

General Loan Scheme(GLS)- Max .Rs.5.0Mn

Technical Transfer Assistant Loan Scheme (TTAS)- Max Rs. 2.5 Mn

25% of the estimated cost of the project

GLS
a) Purchase of machinery & other fixed assets
Max.7 Yrs (including a grace period of 2 years)

(b) Working capital/Purchase of Commercial Vehicels
Max.5 Yrs (including a grace period of 03 months)

TTAS
Max.5 Yrs (including a grace period of 2 years)

1. Genaral Loan Scheme(GLS) -9 % p.a

2. Technical Transfer Assistant Scheme(TTAS) -5 % p.a

 

Kapruka Ayojana Loan Scheme

ELIGIBLE PURPOSESELIGIBLE PROJECTSOPERATING AREASEQUITY CONTRIBUTIONREPAYMENT PERIODON LENDING RATE

1.Coconut new planting with intercropping

2. Replanting with intercropping

3.Coconut mono-cropping

4.Intercropping

5.Establishment of Agro wells/Tube Wells/Deep Wells

6.stablishment & Maintain of nurseries to provide planting materials for Intercropping

7.Provision of Farm Machineries

8.Construction of cattle/Goat /Sheep Sheds

Eligible sub borrowers should have the recommendation from the Coconut Development Officer of Regional Office of Coconut Cultivation Board

1. An owner, lessee or a person having the legal right to undertake the proposed development upon submission of proof thereof of. ½ an acre or more land.

2. In the case of leases the period of lease should be not less than 2 years in excess of the maturity period of the Sub-loan

All Districts in Sri Lanka

15% of the estimated cost of the project or decided by CCB

Max. 5 Yrs (including maximum grace period of 6 months)

10% p. a.

 

Southern Province Revolving Phase II- (SPREV -PH 11) - Southern Province Only

ELIGIBLE PURPOSESELIGIBLE PROJECTS/CUSTOMERSOPERATING AREASLOAN AMOUNTEQUITY CONTRIBUTIONREPAYMENT PERIODON LENDING RATE

All manufacturing industries & selected service sub sectors are eligible 

Sole proprietorships, Partnerships Limited liability co. , Co-operative societies and any Other privately owned enterprise.

Southern Province (Galle, Matara & Hambantota districts)

The maximum amount of sub-loan Rs 1.0 Million at any given time . The minimum sub loan will be Rs 40,000.

20% of the estimated cost of the project

Minimum of three years including the grace period of 02 years maximum repayment period of the sub loan(i.e 5 years) cannot exceed 31-03-2019

10.5% p.a

 

Northern Province Phase II- (Pibidena Uthura) - Nothern Province Only

ELIGIBLE PURPOSESELIGIBLE PROJECTS/CUSTOMERSOPERATING AREASLOAN AMOUNTEQUITY CONTRIBUTIONREPAYMENT PERIODON LENDING RATE

1.)Agriculture and related activities

2.)Livestock Development (strictly excluding piggery, broiler farming & livestock for slaughter)

3.)Fisheries & related activities

4.)Trade, tourism and Other self employment Projects

5.)Micro and small enterprises Trade and other self employment projects

Permanent residents living in the Northern Province

All Districts in the Northern Province
Jaffna,Killinochchi,Vavuniya ,Mannar

Maximum of Rs.200,000/-

Minimum of 10% of the estimated cost of the project

Maximum 05 Years (including 06 months grace period)

9% p.a.

 

Small Holder Plantation Entreprenurship Development Programme -SPEnDP

ELIGIBLE PURPOSESELIGIBLE PROJECTS/CUSTOMERSOPERATING AREASLOAN AMOUNTEQUITY CONTRIBUTIONREPAYMENT PERIODON LENDING RATE

1. Agriculture and allied activities including Tea & Rubber based industries

2.Small industries operated

3.Self employment activities

4.Other Income Generating Activities

  • Livestock
  • Garments
  • Small Trading
  • Handicrafts

1. A citizen of Sri Lanka and settlers of the Hadabima or Mahaweli Resettlement Schemes (Mid-Country Target Group) or low income smallholders in the Intermediate Zone of Moneragala (Moneragala Target Group)

2. Women and members of other vulnerable groups (below poverty line) Eligible sub borrowers should have the recommendation from the Programme Management Unit, of the credit line.

Selected divisional secretariats of

  • Nuwara- Eliya
  • Kandy
  • Kegalle
  • Monaragala

Rs.0.25 Mn to Rs. 5.0Mn

20% of the estimated cost of the project

Max. 5 years (including 12 months grace period)

9% p. a.

 

Sampath Green Energy and SME Development Loan Scheme

ELIGIBLE PURPOSESELIGIBLE PROJECTS/CUSTOMERSEQUITY CONTRIBUTIONLOAN AMOUNTREPAYMENT PERIODON LENDING RATE

1.Solar Energy and other Green Energy Initiatives

2.Investment Loans  to meet the cost of capital expenditure of the selected projects

3. Working Capital Loans (Permanent WC by way of Term Loans)

1. Any private enterprise operating in Sri Lanka.


2. Must have a viable commercial activity and subject to Bank’s credit worthiness assessment.


3.  Must be involved in an activity that complies with Social & Environmental Risk management frame work established for the respective project.

25% or more of the total project cost

Min 0.5 Mn - Max  10.0Mn

Green Energy Loans - Maximum of Rs. 3.0Mn

Investment Loans  - Maximum of Rs: 10.0Mn -  

Working Capital Loans - Maximum  of  Rs: 3.0Mn 




Green Energy Loans
Maximum of 5 - 7 years

Investment Loans
Maximum of  5 - 7 years
Inclusive of Maximum of  2 Years Graace Period

Working Capital Loans 
Maximum of  5  years




AWPLR(Quarterly) + 1%(subject to a floor of 9% p.a.)

 

 

Credit Facilities Out of the Funds From China Development Bank Fund (CDB)

ELIGIBLE PURPOSESELIGIBLE PROJECTS/CUSTOMERSEQUITY CONTRIBUTIONAMOUNT OF REFINANCELOAN AMOUNTREPAYMENT PERIODON LENDING RATE

1. Working Capital loans to finance permanent working capital requirement of the project.

2. Investment loans to meet the cost of capital expenditure of the selected projects.

3.Short Term Revolving loans for imports from China.

4.Reimbursements within a reasonable period (within 6 months) are allowed.

5.Should qualify under China Factor 

Who Import/ Export goods Directly/Indirectly from China

1.Any private enterprise operating in Sri Lanka (excluding foreign controlled entities)

2.Must have a viable commercial activity and subject to Bank’s credit worthiness assessment.

3.Projects shall comply with environmental laws Sri Lanka (EPL)

4.Shall comply with KYC & CDD Rules

Minimum equity contribution of 25% or more on total project

100%

Rs. 5 Mn to Rs. 200 Mn

Working Capital -5Yrs

Capital Expenditure

(Min 5 Yrs-Max 7 Yrs)

Including a maximum Grace of 2Years

AWPLR + 2%

To be reviewed quarterly

(subject to a floor of 8% p.a.)

 

Commercial Scale Dairy Development Loan Scheme(CSDDLS)

ELIGIBLE PURPOSESELIGIBLE PROJECTS/CUSTOMERSLOAN AMOUNTON LENDING RATESUBSIDY RATEEQUITY CONTRIBUTIONREPAYMENT PERIOD

1. Purchase of cows.

2. Establishment of cattle sheds, buildings, irrigation system (sprinkler, pipeline), well or agro-well.

3.Fodder cultivation

4.Establishment of new farms

5.Farm development

6.Construction of bio gas units

7. Expansion of existing farm

8.Production of dairy based products

9.Purchase of machinery /tractors/water pumps/refregirators/creame seperators/milking machine/grass chopper

10.Transport /storage to preserve milk/milk based products

1.The borrower shall be a citizen of Sri Lanka

2.Be an individual or group of individuals or a registered company in Sri Lanka

3.Regional Plantation Companies

4.Should be able to manage the dairy project/dairy related project to maintain the project profitably.

Rs.25.0Mn

6% p.a

 

15% of the total project cost in cash .

Maximum time period for loan repayments will be 5 years inclusive of grace period of 06 months, if required.

 

New Comprehensive Rural Credit Scheme(NCRCS)

Interest Subsidy Scheme- Interest Subsidy should be claim on quaterly basis

ELIGIBLE PURPOSESELIGIBLE PROJECTS/CUSTOMERSLOAN AMOUNTON LENDING RATESUBSIDYMAXIMUM AMOUNTREPAYMENT PERIOD

Cultivation of Paddy and Subsidiary food crops

Farmers who cultivate Paddy and Subsidiary food crops

Maximum Loan Amount should be depending on the crop

7% p.a

 

Refer Annex - i

270 days

 

 

For further details please contact:

Tel                 : +94 4730 215 -19 or +94 4730 288
Fax                : +94 5 331 469
E-mail           : db.mgr@sampath.lk