Monday – Friday : 8:30am – 3:30pm 

 1922 

 info@smib.lk 

A special loan facility available to Micro, Small & Medium Enterprises (MSMEs) that offer financing solutions to launch a business or expand an existing enterprise.


Features and Benefits

  • Attractive interest rates
  • Flexible repayment periods
  • Speedy service
  • Minimum loan amount of 100,000 and maximum of Rs. 3,000,000
  • Maximum loan period 05 years (inclusive of a maximum grace period of 6 months)

Eligibility

  • Any Individuals, Sole Proprietorships, Partnerships and Limited Liability Companies in the MSME Sector
  • The business should have an annual turnover below Rs. 1,000 Mn (As per the CBSL guidelines)

Eligible Sectors

Agriculture and Fisheries Sector

  • Rice Milling and rice-related products.
  • Small and commercial crop cultivation and value-added products.
  • Manufacture of coconut-related products. (Coconut oil, Coir Products, Honey and Jaggery etc.)
  • Cultivation of tea and value-added tea products.
  • Tea factories
  • Maize cultivation.
  • Manufacturing of flour (Rice Flour, Grains, Cereal, and Soya)
  • Manufacturing of Kithul and Palmyra products
  • Fishing and fish processing.
  • Aquarium and ornamental fish farming
  • Horticulture and floriculture
  • Organic fertilizer production
  • Poultry farming
  • Fresh water farming
  • Any other value-added products related to Agriculture and fishing sector

Construction Sector

  • Manufacturing of building materials household items (Bricks, tiles, doors and window frames, interlocks, flower pots etc.)
  • Any other construction-related business.

Manufacturing Sector

  • Furniture and wood items
  • Metal and Lathe products
  • Clay and other retreated products
  • Foot wear and other leather production.
  • Handy Craft production (Coconut/Reed/ Silver/Brass /etc.)
  • Batik and Handloom Weaving
  • Garment and Apparel manufacturing/production
  • Manufacture of Electrical / Electronics
  • Manufacturing Jewelry / Gem Cutting / National Heritage industries etc.
  • Household products
  • Cosmetics products
  • Pharmaceutical and health care
  • Ayurveda Products
  • Plastic products
  • Toy production
  • Manufacturing of other products. (sticks, envelopes, Nets etc.)

Leave A COMMENT

Please leave your details and any comments or inquiries you may have in the form below. Our attentive team will review your message and assist you soon.

Related Products

Business Development Loans

This product has been designed to finance individual and corporate entrepreneurs to continue or improve their businesses...

Read More  

Subscribe us & receive latest updates

By subscribing to SMIB, you can stay updated with the latest information about our services and become eligible for exciting benefits.