Coconut Development Loan Scheme - "Kapruka"

Purpose :

  • Increase production of cocunuts and productivity of cocunut lands 
  • Enhance income and living standards of coconut farmers
  • Increase employment opportunities

Eligibility :       

  • Be a citizen of Sri Lanka
  • Contribute 20% of the cost of the project as equity
  • Should not be a willful defaulter
  • Be able to provide the collateral required by the bank
  • Be owner / lease holder of the coconut land to be developed ( Extent of land - Min. 1/2 AC & Max 50 AC per farmer) 

Security :

  • Mortgage over project assets
  • Assignment of relevant insurance policies
  • Deposit of Title Deeds
  • Guarantee of two persons or any other security acceptable to the Bank

Quantum of Loan :

  • Maximum Rs. 2.0 Mn

Rate of Interest :

  • 9.00% p.a.

Repayment Period :

  • 60 months (Inclusive of an optional grace period of 12 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