Saubhagya Loan Scheme Sri Lanka

Saubhagya Loan Scheme sri lanka,Introducing a New Facility for the Business Adversely Affected by the Covid - 19 Outbreak.

Main Features of 'Saubagya Covid - 19 Renaissance Facility'

Implementation Agency
Regional Development Department of the Central Bank of Sri Lanka

Areas of Operation
All island

Participating Financial Institutions (PFIs)
Licensed Banks

Maximum Loan Limit
Two months working capital requirement

Eligible Sub-borrowers
* Any Income Generating Activity/Economic Activity conducted/carried prior to the COVID-19 outbreak, as stated in the Section 2 of the Monetary Board Circular No. 05 of 2020.
* Sub-loans will be granted to facilitate working capital requirements of the eligible sub-borrowers for their existing Income Generating/Economic Activity.

Interest Rate payable to the PFI by the Sub-Borrower
4% per annum

Grace Period
1. Maximum duration of six (06) months depending on the nature of the activity
2. Sub-borrowers are not required to pay both capital and interest during the grace period

Repayment Period
Maximum duration of twenty-four (24) months including the grace period

Collateral
The viability of the economic activity should be given priority. However, PFIs may obtain suitable collateral to mitigate the credit risk relating to credit facilities.

How to Obtain Further Information about Saubhagya Loan Scheme?
Director, Department of Regional Development,
Central Bank of Sri Lanka,Commercial Banks
No.30, Janadipathi Mawatha, Colombo 01.
Tel: 011 2477447, 011 2477438, 011 2477434,
011 2477348, 011 2477113, 011 2477015
Fax: 011 2477734

Check Our Services