Interest Subsidy Scheme under Smallholder Tea and Rubber Revitalization (STaRR) Project
*New Loans are not accepted since the loan scheme to be concluded shortly.
| Company | Contact |
|---|---|
| Purpose | provide concessionary financial facilities for the smallholder farmers who experience delays in income generation from replanted tea and new planted rubber plantations. |
| Funded by | Loan Financing - Participatory Financial Institutions Interest Subsidy - Government of Sri Lanka |
| Area of Operation | Galle, Matara, Ratnapura, Badulla, Kandy and Nuwara Eliya Districts for loans related to Tea Smallholders Monaragala and Ampara Districts for loans related to Rubber Smallholders |
| Participatory Financial Institutions | Pradeshiya Sanwardhana Bank, Sanasa Development Bank Ltd, Hatton National Bank PLC, Bank of Ceylon, People's Bank, Commercial Bank of Ceylon PLC |
| Maximum Loan Limit & Period | Rs. 400,000 for 3 years including 3 month grace period |
| Interest Rate | 9% |
| Target Group | Tea and rubber smallholder farmers, recommended by the PMU in consultation with MPI |
Interest Subsidy Scheme for Intensification of Shrimp Farms in Sri Lanka
| Company | Contact |
|---|---|
| Purpose | Assist Shrimp farmers to upgrade their farms |
| Funded by | Loan Financing - Participatory Financial Institutions Interest Subsidy – State Ministry of Fisheries |
| Area of Operation | All island |
| Participatory Financial Institutions | Bank of Ceylon, Peoples Bank, Pradeshiya Sanwardhana Bank |
| Maximum Loan Limit & Period | LKR 100 Mn (Maximum Rs. 5mn per pond). For 2 years including 6 months Grace period |
| Interest Rate | 1st 18 months - 4.5% Next 6 months - 8.5% |
| Target Group | Shrimp farmers who are currently having “B” grade & “C” grade shrimp farm |
