Small Holders Plantation Entrepreneurship Development programme - (SPEnDP)

Purpose :

  • Provide credit facility to enhance the living standard of the low income community through income generating activities approved by the respective project officer

Eligibility :

  • Be a citizen of Sri Lanka
  • Be a settler of the Hadabima or Mahaweli resettlement schemes or low income small holders in the intermediate zone of Monaragala
  • Be a member of vulnerable groups below poverty line
  • Should not be a willful defaulter
  • Not be a borrower from other institution under the same scheme
  • Be able to provide equity contribution not less than 20 % of the estimated project cost
  • Be able to provide required collateral to the bank
  • The project should be recommended by the respective project management unit
  • The project should be technically feasible and commercially viable and have an assured continious market

Loan Amount :

  • Settler farmers - Maximum Rs. 250,000/-
  • Grass root level institutions - Maximum Rs. 2.0 Mn
  • Factories and Processing Centres - Maximum Rs. 7.5 Mn

Rate of Interest :

  • 9 % per annum

Repayment Period :

  • Up to 5 years including an grace of 12 months

Area of Operation :

  • Selected Divisional Secretarial Divisions in Kandy, Kegalle, Nuwara Eliya and Monaragala districts

* 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