Thurusaviya - Credit Scheme for Rubber Small Holders

Purpose :

  • New rubber plantations, Re-plantation, Smoke Houses, Intercrop Cultivation, other related income generating activities

Eligibility :

  • Be a citizen of Sri Lanka
  • Member of the "Thurusaviya" fund (Rubber small holders)
  • Rubber plantation should be with a minimum extent of 1/4 Acre
  • In order to service the monthly loan installements of the proposed facility:

                                    A portion of the said rubber cultivation land should be ready for continuous harvest at the time of granting the facility

                                    Or

                                    The applicant should have a steady monthly income, acceptable to the bank

  • Should be a customer of the Bank of Ceylon
  • Should not be a willful defaulter
  • Be able to provide the collateral required by the bank
  • Be over 18 years and up to 55 years (if above 55 years with a family member as a co-borrower)
  • The borrower / spouse should possess ownership or leasehold rights on the cultivable land

Quantum of Loan :

  • Minimum Rs; 10,000.00 to Maximum Rs. 300,000.00

Rate of Interest :

  • 10 % p.a.

Repayment Period :

  • 36 months (Inclusive of an optional grace period of six months)

Equity :

  • 10% to 25% of total project cost

Area of Operation :

  • Amapra, Colombo, Galle, Gampaha, Hambantota, Kalutara, Kegalle, Mathara, Monaragala, Rathnapura

 

* Conditions Apply

(Bank of Ceylon holds the authority to change, add or revise any condition, term or statement in this facility).

For more information, please contact the Manager at your nearest BOC Branch or call centre: 011 220 4444

Manager,
Development Banking Division, 

25th Floor, Head Office,
Bank of Ceylon,
No: 01, BOC Square, Bank of Ceylon Mawatha
,
Colombo: 01.
Tel: 011 220 5013 / 011 220 5037 / 011220 5003,
Fax: 011 2445805