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:-
The Saarabhoomi Loan scheme can be obtained from any People’s Bank branch island-wide.
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