Enterprise Sri Lanka – Ran Aswenna

Enterprise Sri Lanka - Ran Aswenna
Interest Subsidy Scheme

Ran Aswenna

Ran Aswenna

Eligible sub projects

Eligible sub projectsMaximum Loan Amount
Category 1 : Small
scale farmers and
farmer organizations
  • Agriculture
  • Poultry hatcheries
  • Floriculture nurseries (max 2000 nurseries)
  • Ornamental fish
Rs.5mn for floriculture; Rs.1mn for
ornamental fish industry and Rs.5 mn for
all other categories.
WC loans- 2 years max
Category 2 : Agro and Fish Processing
  • Agro processing – value additions to fruits & vegetables, productivity enhancements
  • Purchase of machinery and equipment
  • Hi-tech irrigation – drip, sprinkler etc
  • Investments in Silo storage with capacity ≥5000Mt by medium scale rice mills
  • Constructions in rice mills with a capacity of ≥50Mt per day
  • Cold Room investments
  • Multi-day boats
  • Ice factories
  • Fish processing activities
Rs.300Mn
Category 3 : Commercial Scale farming: Investments
with minimum of 10,000 out growers and a
minimum 20,000 Ha land extent and provision of extensions
services.
  • Machinery & Equip. for out grower system
  • Extension services for agricultural activities
  • Hi-tech irrigations such drip and sprinkler
  • Precision agriculture – predictive analysis etc
  • Processing plants
Rs.750Mn

Interest rate

Fixed rate for loans approved during 2019 – 6.93% p.a. (after 50% Government Subsidy)

Loan Tenor

upto 7 years (including grace period); 2 years max for Category 1 Working Capital loans

Category 1 : Small scale farmers and farmer organizations

  • Agriculture
  • Poultry hatcheries
  • Floriculture nurseries (max 2000 nurseries)
  • Ornamental fish

Category 2 : Agro and Fish Processing

  • Agro processing – value additions to fruits & vegetables, productivity enhancements
  • Purchase of machinery and equipment
  • Hi-tech irrigation – drip, sprinkler etc
  • Investments in Silo storage with capacity ≥5000Mt by medium scale rice mills
  • Constructions in rice mills with a capacity of ≥50Mt per day
  • Cold Room investments
  • Multi-day boats
  • Ice factories
  • Fish processing activities

Category 3 : Commercial Scale farming: Investments with minimum of 10,000 out growers and a minimum 20,000 Ha land extent and provision of extensions services.

  • Machinery & Equip. for out grower system
  • Extension services for agricultural activities
  • Hi-tech irrigations such drip and sprinkler
  • Precision agriculture – predictive analysis etc
  • Processing plants

Maximum Loan Amount

Category 1 : Rs.5mn for floriculture; Rs.1mn for ornamental fish industry and Rs.5 mn for all other categories.

Category 2 : Rs.300Mn

Category 3 : Rs.750Mn

Interest rate : Fixed rate for loans approved during 2019 – 6.93% p.a. (after 50% Government Subsidy)

Loan Tenor : upto 7 years (including grace period); Cat 1 WC loans- 2 years max