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Awakening East

Revolving Loan Fund Established for Extension of Refinance Facilities for Resumption of Economic Activities in the Eastern Province

Objective
Provisioning of credit facilities required for capital investment for resumption of economic activities in the Eastern Province.

Project Area - Districts
Project will be implemented in all the Districts in Eastern Province (Ampara, Trincomalee, Batticola,)

Eligible Activities

• Agriculture and related activities
  • Livestock development - Liquid milk production/ Poultry / Goat Farming
  • Fisheries and related activities
  • Micro and small scale Enterprises
  • Trade and other self employment projects

Loan Amount

• Maximum loan amount Rs. 250,000/=

Repayment Period

• Five (5) years.
• To be repaid within 60 months with a maximum of 06 months grace period.

Securities

• Two personal guarantors acceptable to the Bank.
• Mortgage over a movable or immovable property.
• Other security acceptable to the Bank.

Development & Microfinance Loan Schemes

Southern Province Regional Economic Advancement Project? Revolving Fund? Loans Scheme (Dhasuna Loans Scheme)

• Dhasuna Loan Scheme provides financial facilities for projects of the micro, small and medium scale entrepreneurs in the Districts of Galle, Matara and Hambantota.

FOR WHOM?

• Entrepreneurs who are permanently residing and engaged in business activities in areas coming under the purview of our Galle, Matara and Hambantota Regions, in the Southern Zone.

LOAN AMOUNT

• A minimum of Rs. 40,000/= and a maximum of Rs. 1 Million can be obtainted as a loan under this loan scheme.

PERIOD OF REPAYMENT

• Maximum repayment period, inclusive of a grace period of 24 months is 07 years.

SECURITIES

• Personal guarantee of two guarantors/ mortgage over immovable and movable properties/ other securities acceptable to the Bank.

Athamaru Loan Scheme
The purpose of this loan scheme is to meet instant credit needs of micro, small and medium scale Entrepreneurs who are engaged in income generating economic activities in the areas of small trade, cottage industry and agriculture.

FOR WHOM?

• For micro, small, medium scale entrepreneurs engaged in trading in daily/ weekly?? fairs, economic centers, bazaars, main markets, and?pavements.
• For Entrepreneurs who contribute to daily/weekly deposit mobilization programme of the People’s Bank.

REPAYMENT PERIOD

• Maximum repayment period is 03 months.

MAXIMUM LOAN AMOUNT

• Rs. 50,000/=

SECURITIES

• Inter se Guarantee of two guarantors who are members of the Group.

Dry Zone Livelihood Support And Partnership Programme Loan Scheme (Bhagya Community Development Loan Scheme)

This loan scheme is implemented with the objective of enhancing the income avenues and livelihood of the poor communities in dry zone areas in the Districts of Anuradhapura, Badulla and Monaragala.

FOR WHOM?

• This Loan Scheme is implemented targeting the micro, small, medium scale entrepreneurs who are engaged in income generating activities. Women participation of 80% is expected in granting loans under this scheme.

MAXIMUM LOAN AMOUNT

• Micro Projects -Rs.50,000/= to be repaid in 36 months.
• Medium Project -Rs. 200,000/=to be repaid in 36 months.
• Village Societies? -Rs. 300,000/= to be repaid in 48 months.

SECURITEIS

• Inter se guarantee of two members of the Group obtaining loans, a mortgage over an immovable or movable property or any other security acceptable to the Bank.