HDFC Bank signs MoU with CB for Saubhagya loan scheme
View(s):HDFC Bank of Sri Lanka recently signed a Memorandum of Understanding with the Central Bank of Sri Lanka (CB) to offer a new loan scheme, “SAUBHAGYA”, which will focus on micro, small, and medium scale entrepreneurs (MSME) who are engaged in production and services relating to agriculture, industry and other services.
Under this scheme, loans are available at a concessionary rate of interest to MSMEs with the maximum loan facility available at Rs. 25 million.
This scheme will cover the categories of agriculture and plantations, horticulture, animal husbandry and fisheries, production of food and beverages, garments and textile industry, footwear and leather products, gem and jewellery, wood and wood-related products, light engineering works, cottage industry and handicrafts, ornamental fish farming, health care products and centres, beauty culture, hotel and restaurants, vehicle service stations and maintenance, studios and entertainment, and other innovative products directly related to MSMEs.
Pic shows HDFC Bank CEO/GM Nimal Mamaduwa exchanging copies of the MoU with Asoka Handagama, CB’s Director of Regional Development. CB Additional Director Ms. D.V.S Dayawansa, Deputy Director – W. Ranaweera, HDFC Chief Manager Credit Manjula Dissanayaka and Manager Microfinance - Anura Dissanayaka are also present.