Project Management Unit

Project Management Unit 

Description: This project management unit has been established under the Ministry of Industries with the objective of contributing to a balanced industrial development by financially strengthening small and medium scale entrepreneurs. The following two loan schemes are implemented through participating credit Institutions (PCIs). SMILE III – RF Loan Scheme

Loan Type	Maximum Loan Amount (Rs)	Interest Rate	Repayment Period (Years)
General	25 Mn	8%	10 (Including 2years grace period)
TA	2.5 Mn	5%	7 (Including 2years grace period)

General loan scheme It provides loans to small and medium scale manufacturing industries for machinery and working capital requirements as per the project Operating Instructions. Technical Transfer Assistance Loan Scheme Loans are provided to Technical Transfer activities in the manufacturing industries as per the Project Operating Instructions. Participating Credit Institutes (PCI)                                                                                                                                                                                                                                

1. Bank of Ceylon                                                                           
2. People’s Bank
3. Regional Development Bank (RDB)
4. National Development Bank (NDB)
5. DFCC Bank
6. Sampath Bank
7. Seylan Bank
8. Hatton National Bank (HNB)
9. Commercial Bank
10. Sanasa Development Bank (SDB)

For more details  –

• SMILE III-Leaflet
• Loan Application (Gen)
• Loan Application (TA)

 E Friends II – RF Loan Scheme

Loan Type	Maximum Loan Amount (Rs)	Interest Rate	Repayment Period (Years)
General	30 Mn	6.5%	10 (Including 2years grace period)
TA	1 Mn	2%	5 (Including 2years grace period)

General loan scheme Credit facilities are provided for machinery and Treatment Plant construction as per the Project Operating Instructions. Technical Transfer Assistance Scheme Loans are provided for consultancy services to implement the E-Friends project which entitle to apply for General Loans Scheme as per Operating Instruction. Participating Credit Institutes (PCI)

1. Bank of Ceylon
2. People’s Bank
3. Regional Development Bank (RDB)
4. National Development Bank (NDB)
5. DFCC Bank
6. Sampath Bank
7. Seylan Bank
8. Hatton National Bank (HNB)
9. Commercial Bank
10. LOLC Finance
11. People’s Leasing & Finance PLC 

For more details  – 

• E-Friend-Leaflet
  • E Friends II Loan scheme for Installation of solar panels system for Manufacturing IndustriesSteering committee on E Friends II Loan scheme has decided to open loans for purchasing of solar panel system only for the manufacturing industries.Eligibility criteria Maximum loan amount – Rs 10.0 million Maximums Capacity – 50Kw(Note it should be evaluated by the bank / Ministry based on the electricity consumption of the industry )Necessary Documents • E Friends II Loan Application with a project proposal • Business Registration ( If applicable) • Sri Lanka Sustainable Energy Authority’s (SLSEA) registration of service provider. • Quotation / Price of the rooftop solar PV system • Technical Report on the project made by the provider including details of proposed solar PV system, 12 months electricity consumption, available roof area etc. • Initial Clearance Letter issued by CEB /LECO • A copy of the Environmental Protection License (EPL) (if available) Conditions • Reimbursements are not considered.
• Loan Application (Gen) 
• Loan Application (TA)
• Technical Related Information