Lankaputhra Development Bank

A Special Loan Scheme for Productivity Enhancement of the SMEs has been introduced by the Government to support the SMEs engaged in agriculture, fisheries, livestock, floriculture, horticulture, light engineering, printing, tourism, handicrafts, apparel, information technology and manufacturing industry sectors.

Objectives of the Scheme

  • T provide financial assistance for SMEs who are engaged in Agriculture, Fisheries, Livestock, Floriculture,Horticulture, Light engineering, Printing, Tourism, Handicrafts, apparel, Information Technology and Manufacturing Industry sectors for further expansion and upgrading to transform to the next level.
  • To introduce advance technologies and practices to the existing business.
  • To encourage more investments to promote exports.
  • To generate new employment opportunities in the relevant sectors.
  • To improve the overall productivity of SMEs.

Target Groups

1. Small Enterprises - Category – 01 Small enterprises with an annual turnover
between Rs. 25 mn to Rs. 250 mn and with an employment cadre of 10 to 50.

2. Medium Enterprises - Category – 02 Medium entrepreneurs with an annual turnover
between Rs. 250 mn to Rs. 750 mn and with an employment cadre of 51 to 300

Collateral

Nature of the security will be decided by the bank considering the risk element of the business.

Industrial Sectors

Agriculture, Fisheries, Livestock, Floriculture, Horticulture, Light engineering, Printing, Tourism, Handicrafts, Apparel, Information Technology and Manufacturing Industry

Details of the Loan scheme


Small Enterprises
( Category 1 )
Medium Enterprises
(Category 2 )
Eligible Economic
Activities
Purchase of machinery,
equipment or furniture for
business expansion or
productivity improvement
Introduce new or advance
technologies for business
upgrading
New constructions or Further Constructions for expansions
Working capital
Purchase of machinery equipment or
furniture for business expansion or
expansion or productivity improvement
Introduce advance technologies
Constructions
Working Capital
Loan Amount Loan Amount Maximum Rs.50 Mn for a
borrower who supplies
products and services to
Local Markets
Maximum Rs. 100 Mn for
a borrower who supplies
products and services to
export market
Maximum Rs.200 Mn
for a borrower who supplies products
and services to local markets
Maximum Rs. 400 Mn for a borrower
who supplies products and services to
Export Market
Maximum Rs.200 Mn
for a borrower who supplies products
and services to local markets
Maximum Rs. 400 Mn for a borrower
who supplies products and services to
export market
Period of Loan
Repayment
Maximum 5 yrs inclusive
of grace period
Purchasing of Machines &
Equipment - Maximum up
to the use of Life Time of
the machinery, equipment
and furniture.
Maximum 5 yrs inclusive of grace
period
Purchasing of Machines & Equipment
Maximum up to the use of Life Time of
the machinery, equipment and
furniture.

Interest Rate

Click here to view rate sheet