Special Credit Scheme for Tea Small Holders

Purpose :

  • Increase production of  tea and productivity of tea lands
  • Enhance income and living standards ot tea farmenrs
  • Increase employment opportunities

Eligibility :

  • Be a citizen of Sri Lanka
  • Be able to provide equity contribution for the project by cash or in kind
  • Should not be a willful defaulter
  • The borrower / spouse should own tea cultivation land with a minimum extent of 1/4 acre
  • Be able to provide suitable colleteral acceptable to the bank

Quantum of Loan :

  • Minimum Rs. 25,000.00 to Maximum Rs. 500,000.00

Rate of Interest :

  • 10 % per annum

Repayment Period :

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

Equity :

  • By cash or in-kind

Area of Operation :

  • Badulla, Colombo, Galle, Gampaha, Hambantota, Kalutara, Kandy, Kegalle, Kurunegala, Matale, Matara, Monaragala, Nuwara Eliya, 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