ADB Loan Scheme

ADB funded loan scheme for economically and financially viable projects in order to boost the agriculture and agro-based industries, fisheries, ornamental fisheries and aquaculture, livestock animal husbandry and poultry, tourism and export-oriented businesses. 

Loan Scheme

• Maximum Loan Amount – LKR 50,000,000/-
• Women led Enterprises – LKR 30,000,000/-
• Annual Interest Rate - 14% p.a.
• Maximum repayment period
• 24 months for working capital
• Upto 120 months for other projects
• Eligible Sectors - Agriculture and Agro base industries, Fisheries, Livestock, Animal Husbandries and Poultry, Tourism, Exporters, Manufacturing , Industrial
• Grant for women-led enterprises - 
  • A grant of 10% from the principal loan amount.
  • An additional 10% from the principal loan amount for the women entrepreneur who has completed the Associated Training.
  • An additional 5% from the principal loan amount for the women entrepreneur in the Uva, Sabaragamuwa, Northern or Eastern provinces.
• Conditions for the above grant
  • The loan amount should be more than LKR 750,000
  • At least 51% of the enterprise ownership must be controlled by women
  • At least 20% of the enterprise ownership is controlled by woman with woman is either the Chief Executive Officer or the Chief Operations Officer and at least 30% of the board members are women; where a Board exist.

Eligibility criteria for the scheme

• Economically and financially viable projects 
• Not a related party with respect to the Bank under the regulations or the CBSL’s requirements, including the Bank’s board of directors and senior management.
• Sri Lankan Citizen 
• Enterprises must be registered at the Department of the Registrar of Companies or local government authority. Sub borrowers that are not formally registered may qualify to obtain sub loans if they can submit evidence that its business registration application has been accepted by the Department of the Registrar of Companies or local government authority.
• New business entrepreneurs who may have previously taken consumer loans are eligible as new businesses 
• An annual turnover less than SLR 750 million; (the parent company and any subsidiaries)
• Employee strength less than 300 for manufacturing business and less than 200 for service sector business. 

Eligible projects

• Setting up of new projects 
• Expansions / project modernizations 
• Financing permanent working capital.    

Eligible expenditure

• Building Renovation and finishing
• Purchase of plant & machinery and other fixed assets
• Purchase of motor vehicles for Commercial purposes
• Permanent working capital requirements

Documents Required

• Copy of BR
• List of goods and services to be financed
• Implementation period and timetable
• Loan application 
• Invoices, Receipts, CR Book, BOQ, etc.
• Environment Protection License (EPL)
• Other relevant approvals to commence business