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 house hold 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
• Food and beverages/confectionery items.
• 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.
• Printing/stationery products
• Household products
• Cosmetics products
• Pharmaceutical and health care
• Ayurveda Products
• Plastic products
• Toy production
• Manufacturing of other products. (sticks, Envelops, Nets etc.)

Business in any other sector that generates value addition to the economy.

Conditions apply

For more information visit our nearest SMIB Branch or Contact Us via our Call Centre on 1922