- Last Update 2025-06-12 19:45:00
People’s Bank’s new loan scheme for local organic fertiliser manufacturers
People’s Bank has introduced the Saarabhoomi Loan Scheme to further support the state policy to increase the local manufacture of pesticides, weedicides and fertilisers. The loans will be granted at special concessionary interest rates with a maximum repayment period of up to 10 years for investments and up to 3 years for working capital requirements, the bank said in an announcement.
The criteria for applicants Saarabhoomi Loan benefits are as follows:-
- Fertiliser manufacturers must be in possession of certification from the National Fertiliser Secretariat and manufacturers of weedicide and pesticide should be in possession of certification from the Registrar of Pesticide (ORP) at the Department of Agriculture.
- Fertiliser manufactures should have sufficient technological expertise and specialisation in the manufacture of organic fertiliser and all submitted projects should be financially and economically viable. An agreement with the Government allowing the purchase of fertiliser is mandatory.
The Saarabhoomi Loan scheme can be obtained from any People’s Bank branch island-wide.
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- June 3, 2025 - 230 - 0
Krishanthi Kumaraswami convicts FR dismissed by SC
The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.
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SriLankan flight grounded in Indonesia
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Alert Moratuwa resident averts railway derailment
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Former Sri Lanka spinner Sachithra Senanayake indicted
Former international spinner Sachithra Senanayake is set to become the first Sri Lankan cricketer indicted under the country’s Prevention of Offences Relating to Sports Act (Act No. 24 of 2019).
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