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Overview

At Sampath Bank, we expand our services to help meet your needs. We offer a variety of loan schemes especially for Small and Medium Scale Entrepreneurs. These include ,ADB SMELoC 2 Working Capital Financing, Stimulate package for re-energizing MSME sector in Sri Lanka, SMILE III Revolving Fund , Manusavi Loan Scheme , New Comprehensive Rural Credit Scheme (Sarusara), E-FRIENDS II Revolving Fund & Kapruka Ayojana loan scheme. Our aim is to fulfil your dreams and desires in making your business thrive.


Key Benefits

ADB SMELoC 2 Working Capital Financing

  • Maximum sub-loan amount is Rs.10.0 Mn per MSME.
  • Interest rate of 8.0% p.a.
  • Maximum repayment period of 3 Years including 6 months grace period.


Stimulate package for re-energizing MSME sector in Sri Lanka


The scheme has two main components:

Component I: strengthening the Existing MSMEs and Start-ups.

Component II: supporting MSMEs in the NPL category.


Component I: strengthening the Existing MSMEs and Start-ups

  • Maximum loan amount is Rs. 15 mn per MSME.
  • Interest rate of 7.0 % p.a
  • Maximum repayment period of 10 years including maximum of 12 months grace period.


Component II: supporting MSMEs in the NPL category

  • Maximum loan amount is Rs. 5 mn per MSME.
  • Interest rate of 8.0 % p.a
  • Maximum repayment period of 5 years including maximum of 6 months grace period.

SMILE III Revolving Loan Scheme

  • Loans under SMILE III Revolving fund can be obtained as General loans or Technical Assistance Loans.
  • Maximum loan amount for General Loan Scheme - Rs.15.0 Mn per eligible industrial enterprise.
  • Interest rate of 8.0% p.a. for General Loan Scheme.
  • Maximum repayment period of 10 years including a grace period of 2 years for General Loan Scheme.
  • Maximum loan amount for Technical Assistance Loan Scheme - Rs. 2.5 Mn per eligible industrial enterprise.
  • Interest rate of 5.0% p.a. for Technical Assistance Loan Scheme.
  • Maximum repayment period of 05 years including a grace period of 3 months for Technical Assistance Loan Scheme.

MANUSAVI LOAN SCHEME (Multipurpose Loan Scheme for  Sri Lankan Migrant Workers )

  • Maximum individual loan amount should be Rs.2.0 Mn.
  • Interest rate of 8.0% p.a.
  • Maximum repayment period of 03 years (No Grace Period)

NEW COMPREHENSIVE RURAL CREDIT SCHEME (SARUSARA)

  • Loans under New Comprehensive Rural Credit Scheme -NCRCS (Sarusara) Scheme Credit facilities can be obtained for cultivation of short term crops identified under the scheme, nurseries and home gardening.
  • Loan amount will be determined by the type of crop and the extent of land to be cultivated.
  • Maximum eligibility for home gardening is Rs.100,000/-
  • Maximum eligibility for nurseries including seed production is Rs.500,000/-.
  • Interest rate of 8.0% p.a.
  • Maximum repayment period is 270 days, however for sugarcane cultivation 365 days.

E- FRIENDS II REVOLVING LOAN SCHEME

  • Loans under E Friends Scheme can be obtained as General loans or Technical Assistance Loans
  • Maximum loan amount for General Loan Scheme - Rs.30.0 Mn per eligible industrial enterprise
  • Interest rate of 6.5% p.a. for General Loan Scheme
  • Maximum repayment period of 10 years including a grace period of 2 years for General Loan Scheme
  • Maximum loan amount for Technical Assistance Loan Scheme - Rs. 1.0 Mn per eligible industrial enterprises
  • Interest rate of 2.0% p.a. for Technical Assistance Loan Scheme
  • Maximum repayment period of 05 years including a grace period of 1 year for Technical Assistance Loan Scheme

KAPRUKA AYOJANA LOAN SCHEME (For Coconut Cultivation)

  • The maximum individual loan amount should be Rs. 3.0Mn
  • Interest rate of 8.0% p.a.
  • Maximum repayment period of 05 years including a grace period of 12 months (Grace period is subject to the approval of Coconut Cultivation Board)

Eligibility

ADB SMELoC 2 Working Capital Financing

Eligible Borrowers

  1. Registered MSME whose annual turnover is below Rs. 1.0 bn and the number of employees is below 200.
  2. Sub-loans should be provided only for targeted MSMEs in Agriculture, Tourism, Manufacturing, Technology & Export-oriented sectors.
  3. Eligible only for Working Capital loans.


Stimulate package for re-energizing MSME sector in Sri Lanka


Eligible Customers

Component I: strengthening the Existing MSMEs and Start-ups

  • MSME whose turnover of the previous financial year is below Rs. 1,000 million and the number of employees is below 200 (need to satisfy both conditions).
  • The enterprises must be registered.
  • Eligible only for Investment purpose loans.

Component II: supporting MSMEs in the NPL category

  • MSME whose turnover of the previous financial year is below Rs. 1,000 million and the number of employees is below 200 (need to satisfy both conditions)
  • MSMEs that are in operational level but classified as Non-Performing Borrowers due to unsettlement of existing loans as a results of the recent economic downturn are eligible for obtaining loans under this component.
  • Eligible only for Working Capital loans.

Eligible Sectors

Manufacturing , Construction, Export oriented, Tourism, Apparel, Agriculture and Agro base industries


SMILE III Revolving Loan Scheme

Eligible Borrowers

The investment in fixed assets, excluding land and buildings (owned or leased) at original book value should not exceed Rs. 150.0 Million on completion of the subproject.

Eligible Sector

  • Manufacturing and industrial sub-sectors

Eligible Purpose

  • Purchasing of Machinery

MANUSAVI LOAN SCHEME

Eligible Borrowers

The eligible borrower shall,

  • be a Sri Lankan citizen employed abroad with a valid employment contract for a fixed term not less than one year.
  • have a valid registration with Sri Lanka Bureau of Foreign Employment.
  • hold an individual or joint Personal Foreign Currency Account (PFCA) with the bank.
  • remit earnings of the foreign employment to the PFCA with the bank(minimum 3 months remittances should be credited to the bank).

Eligible Expenditure

  • Commencing/expanding a business
  • Purchasing/expanding/constructing a house
  • Purchasing a land or vehicle
  • Spending for education of children

NEW COMPREHENSIVE RURAL CREDIT SCHEME (SARUSARA)

Eligible Borrowers

  • Small farmers

Eligible Expenditure

  • Cultivation of Paddy, Chilies, Onion, Pulses, Oil Seeds, Root & Tubers, Vegetable and other short term crops ie Ginger, Sugarcane and Turmeric
  • Eligible crops and scale of finance will be as per the schedule circulated by CBSL
  • Home Gardening
  • Nurseries and seed production

E- FRIENDS II REVOLVING LOAN SCHEME

  • Eligible Projects
  • The investment in fixed assets, excluding land and buildings (owned or leased) at original book value should not exceed Rs. 250.0 Million on completion of the project.

  • Eligible Expenditure
    • Equipment for end-of-pipe treatment and equipment that will lead to reduced emissions or to a lower production of wastes by the enterprises thereby enabling them to comply with the National Environment standards;
    • Equipment that leads to substantial reduction in the use of resources by existing equipment & machinery, or the phasing out of hazardous substances;
    • Equipment that will substantially improve the safety of work places, especially with regard to the exposure of workers to potentially hazardous substances or noise, etc;
    • Investments related to the relocation of highly polluting industries to special industrial estates that are equipped with waste treatment plants and investments by enterprises that set up and operate such treatment plants; and
    • Equipment for the monitoring of pollutants in connection with (a), (b), (c) or (d).

KAPRUKA AYOJANA LOAN SCHEME (For Coconut Cultivation)

  • Eligible Borrowers
    • 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.
    • In the case of leases the period of lease should be not less than 2 years in excess of the maturity period of the loan
  • Eligible Expenditure
    • Coconut planting with intercropping
    • Replanting with intercropping
    • Coconut mono-cropping
    • Intercropping
    • Establishment of Agro wells/Tube Wells/Deep Wells
    • Establishment & Maintain of nurseries to provide planting materials for Intercropping
    • Provision of Farm Machineries
    • Constructions of cattle/Goat/Sheep Sheds
    • Crop Protection Loans

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