\"Re-Energizer\" – Stimulating Package for Re-energizing the MSME Sector in Sri Lanka
This loan has been introduced to provide concessionary credit facilities to eligible Micro, Small and Medium sized Enterprises (MSME) at an affordable interest rate with the objective of assisting existing MSMEs to survive, recover, expand and to provide seed capital for new MSMEs to commence business. The project has two main components: Component I: Strengthening MSMEs that survived in the crisis and moved, and Component II: supporting MSMEs in the NPL category.
Key features & benefits
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Eligible Sectors – The MSMEs are associated with manufacturing, construction, export
oriented,tourism,apparel,fisheries, animal husbandr,agriculture and agro based industries.
All women-led enterprises
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Non-Eligible Sectors- Trading, Leasing and renting businesses are not eligible.
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Loan Value Up to: Rs.15 million
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Applicable Interest Rates: 7%
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Repayment and Grace Period: Investment loans only. Maximum of 10 years including the grace period
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Collateral Requirement: According to the Pan Asia Bank Policy.