The Sarusara Loan scheme is offered with the collaboration of Central Bank of Sri Lanka to uplift the socio- economic conditions of micro and small scale farmers, who engage in cultivation of seasonal crops, by providing working capital requirements at a lower cost.
Eligibility
- Farmers who have the freehold and leasehold ownership of the land.
- Age between 18 to 55 years. To obtain a loan by a borrower who is 55 years or above, a family member such as daughter or son should be made party to the loan.
Maximum Loan Quantum
- Bank will finance up to 75% of the total cost of the project
Repayment Period
- 270 days
Interest Rate
Details | Rate % p.a. |
---|---|
Concessionary interest rate decided by Central Bank of Sri Lanka | 4.00% |
Security
Suitable security acceptable to the bank.