NDB Bank offers green E-Friends II Refinance Loan Scheme

In line with its commitment to economic empowerment and environmental conservation NDB Bank has collaborated with the Ministry of Industries to introduce the “E-Friends II” Refinance Loan Scheme, a purpose-driven financial facility designed to support industrialists in transforming their operations through sustainable and environmentally responsible practices.

As the nation moves toward a greener future, the demand for responsible manufacturing and cleaner industrial practices has never been greater. In response, the E-Friends II Refinance Loan Scheme offers affordable financial assistance at an attractive annual interest rate of just 6.5 per cent, enabling entrepreneurs to invest in sustainable technologies and practices that reduce pollution, enhance resource efficiency, and promote long-term environmental stewardship, the bank said in a media release.

Eligible entrepreneurs can access loan amounts of up to Rs. 30 million, with a generous repayment period of up to 10 years, giving businesses the flexibility and time required to implement impactful, eco-friendly changes. Whether you're planning to make your business greener, improve production methods, or invest in energy-saving equipment, this scheme offers the ideal financial support to help protect the environment while advancing your business goals.

The E-Friends II Refinance Loan Scheme supports a wide range of environmentally focused initiatives, including:

• Reducing industrial pollution and harmful emissions
• Introducing cleaner production technologies and processes
• Managing waste more effectively and promoting resource efficiency
• Saving energy and adopting renewable energy solutions
• Encouraging circular economy principles and sustainable production

Speaking on the launch of the scheme, Indika Ranaweera, Vice President – SME, Middle Markets and Business Banking at NDB Bank said, "Through this facility, we are enabling Sri Lankan businesses to become not just more competitive, but also more responsible. The E-Friends II Refinance Loan Scheme provides a tangible way for industrialists to contribute to national environmental goals while future-proofing their operations. At NDB, we’re proud to serve as a financial partner that prioritizes both economic growth and sustainability."