1. Loans and advance (Regional Development Bank)
The loan schemes offered by RDB are in line with empowering Sri Lankans. An array of small scale loans are on offer to priority sectors such as Agriculture, Fisheries , Small Industries, which are usually not available in many financial institutions.
SME Sector Specialized Loan
he country which is rapidly moving forward with a vibrant economy means, it is necessary that due support is rendered to targeted sectors. Which is why RDB has involved itself in micro financing. Pradeshiya Sanwardhana Bank has always been assisting small and medium scale enterprises, such as small scale industrialists, entrepreneurs and self employed individuals. These facilities are available on soft securities at concessional interest rates, convenient repayment periods with reasonable grace period. The facility requests are mostly evaluated on the viability of the project. These loan schemes are operated through refinance facility of Ministry of Finance.
SME & Micro Finance Sector
Pradeshiya Sanwaradhana Bank's main purpose is to facilitate Regional Economic Development of the country by promoting Agriculture, Industry, Trade, Commerce, Livestock, Fisheries activities and Empowerment of women mainly by granting financial assistance through Micro Finance.
Loans for Self Employment
A number of start up loans are available at RDB under different brand names for different sectors SEPI (Self Employment Promotion Innovative loan scheme) loans are offered to entrepreneurs who have obtained professional qualifications in a specific field and wish to start up a project . These loans ,operated under refinance facility of Central Bank of Sri Lanka, are provided at attractive interest rates on soft securities.
RDB is one of the few financial institutions in the country that provides loans to farmers for paddy and soya bean cultivation and to stock their produce until the market prices become favorable in a short time span of 270 days. RDB was amongst the pioneers who assisted soya bean farmers to stock soya beans when the prices drastically dropped due to excessive production. These loans too are offered at concessional interest rates against soft securities.
Fisheries Industry Loans
Loans to the fisheries sector are available at concessionary rates and soft securities to purchase fishing equipment and for community development. Loan facilities are also offered to purchase multi-day fishing boats and other small boats. RDB also offers special loans for Inland fish farming and Ornamental fish breeding.
Commercial & Business Purpose Loans
RDBs commercial and business loans are offered for retail trading and stock purchasing purposes. The uniqueness of these facilities are, that most of these facilities are operated through the banks' collection agents who make visits from door to door. Thus, the clientele has the comfort of servicing the debts even without coming to the bank.
Isuru is a loan scheme designed with the aim of eliminating poverty. Small groups comprising of five to seven women earning incomes lower than the poverty level could apply for these loans for income generating projects. These facilities are also offered at concessionary interest rates and on soft securities.
RDB offers special housing loan schemes for the lower income sectors at attractive interest rates. These loans are granted with repayment periods up to 15 years. Housing loans are offered for purposes such as outright purchase of a house, to buy a land to build a house, renovations and to add new units to an existing house.
Ranaviru Divi naguma
RDB launched the Ranaviru Divi Neguma program with the objective of integrating the family members of war heroes and disabled war heroes into the countrys' development process and uplift their living standards. The Government allocated Rs. 400 million for this scheme through the 2012 Budget. The families of war heroes and disabled soldiers who like to initiate their own projects are given loans not exceeding Rs. 500,000 under this program through the Pradeshiya Sanwaradhana Bank. This program has been launched by the bank along with the Economic Development Ministry and Ranaviru Seva Authority.
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|Last Updated On: 2017-11-29 16:06:19|