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Government Funded Loan Scheme to support all enterprises affected by “Cyclone Ditwah"

Implemented by The Department of Development Finance (DFD) of the Ministry of Finance, Planning and Economic Development is the implementing agency of this loan scheme.

Eligible Enterprises: Micro, Small, Medium, and Large enterprises affected by Cyclone Ditwah
Loan Amounts:
Up to Rs. 250,000 – Micro Enterprises
Up to Rs. 1,000,000 – Small Enterprises
Up to Rs. 25,000,000 – Medium & Large Enterprises
Interest Rate: 3% per annum
Repayment Period: Up to 3 years with a 6-month grace period
Purpose: Working capital support (up to 2 months’ requirement)
Eligible Sectors: Agriculture, Plantation, Livestock, Fisheries, Tourism, Manufacturing, and all other affected service industries
1. Who can apply for this loan scheme?
Any Micro, Small, Medium, or Large enterprise affected by Cyclone Ditwah is eligible to apply.
2. What is the interest rate of the loan?
The loan carries a highly concessionary interest rate of 3% per annum.
3. What can the loan be used for?
The loan is intended for working capital needs, covering up to two months of operational requirements.
4. Is there a grace period for repayment?
Yes, a six-month grace period is provided before repayments commence.
5. Which sectors are eligible under this scheme?
All affected sectors including agriculture, fisheries, tourism, manufacturing, plantation, livestock, and services are eligible.
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