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Credit Scheme for Paddy Purchasing for Farmers and Village Level Small Scale Paddy Collectors

Purpose :

  • To purchase of Paddy ( Farmers and village level small paddy collectors)

Eligibility :

  • Be a citizen of Sri Lanka
  • Be a permanent resident of the area
  • Be able to provide 25% equity contribution of the total of paddy to be purchased
  • Should not be a willful defaulter
  • Be able to provide the collateral required by the bank

Quantum of Loan :

  • Maximum Rs. 50,000.00 or 75% of the estimated stock value of paddy

Rate of Interest :

  • 10 % p.a.

Repayment Period :

  • Within a maximum period of 6 months

Area of Operation :

  • All Island 

 

* 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