{"id":25542,"date":"2024-05-30T15:27:14","date_gmt":"2024-05-30T09:57:14","guid":{"rendered":"https:\/\/www.industry.gov.lk\/web\/?page_id=25542"},"modified":"2026-01-20T09:48:18","modified_gmt":"2026-01-20T04:18:18","slug":"re-energizing-the-msme","status":"publish","type":"page","link":"https:\/\/www.industry.gov.lk\/web\/re-energizing-the-msme\/","title":{"rendered":"Re-energizing-the-MSME"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"25542\" class=\"elementor elementor-25542\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-67a9622 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no\" data-id=\"67a9622\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-34e35fb\" data-id=\"34e35fb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d473c5a elementor-widget elementor-widget-text-editor\" data-id=\"d473c5a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 29-01-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><strong>Loan Schemes for Re-energizing the MSME Sector (RE-MSME PLUS) <\/strong><\/p><p><strong><u>Stimulating Package for Re-energizing the MSME Sector in Sri Lanka Government Funded Loan scheme<\/u><\/strong><\/p><p><strong>Implementing Agency; <\/strong>Department of Development Finance, Ministry of Finance, Planning and Economic Development<\/p><p>Recommendation will be provided the Ministry of Industry and Entrepreneurship Development<\/p><p><strong>Objectives<\/strong><\/p><ul><li>Providing concessionary credit facilities to eligible Micro, Small Medium sized Enterprises (MSMEs) sub borrowers through selected Participatory Financial Institutions (PFIs).<\/li><li>To survive, recover and expand and to provide seed capital for new MSMEs to commence business.<\/li><\/ul><p><strong>Eligible Criteria of MSMEs<\/strong><\/p><p style=\"padding-left: 40px;\">1. MSMEs in operation<br \/>2. No fully closed MSMEs<br \/>3. Category<br \/>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0o Manufacturing<br \/>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0o Services<br \/>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0o Construction<br \/>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0o Export-oriented<br \/>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0o Tourism<br \/>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0o Apparel<br \/>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0o Fisheries and Animal Husbandry<br \/>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0o Agriculture and agro-based<br \/>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0o Swine Farmers<br \/>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0o Women-led enterprises at least 51% ownership by women.<br \/>4. No trading, leasing and renting business<br \/>5. Medium, Small and Micro Industries<br \/>\u00a0 \u00a0 \u00a0 \u00a0 Turnover (last financial year) \u2013 below Rs. 1000Mn<br \/>\u00a0 \u00a0 \u00a0 \u00a0 Employees \u2013 below 200<br \/>6. Registered Industry<br \/>7. At least one Sri Lankan Director<\/p><p><strong>Loan can be utilized for<\/strong><\/p><ul><li>To purchase assets such as machinery, equipment or furniture for business expansion<\/li><li>Cost reduction initiatives<\/li><li>Solar installations or productivity improvement introduce new or advanced technologies<\/li><li>New construction\/ expansions\/refurbishment of a factory, building, warehouse and tourism sector-related locations<\/li><li>For working capital requirements<\/li><\/ul><p><strong>Loan cannot be utilized for<\/strong><\/p><ul><li>Vehicle purchase is not allowed unless it is a land vehicle or sub borrower is in the hotels or tourism sectors.<\/li><li>Cannot be used for settlement of existing loans<\/li><\/ul><p><strong>Participating Credit Institutions (PCI\u2019s)<\/strong><\/p><ol><li>Bank of Ceylon<\/li><li>People\u2019s Bank<\/li><li>Regional Development Bank<\/li><li>Hatton National Bank<\/li><li>NDB Bank<\/li><li>DFCC Bank<\/li><li>Sampath Bank<\/li><li>Commercial Bank<\/li><li>Seylan Bank<\/li><li>Sanasa Development Bank<\/li><li>Cargill\u2019s Bank PLC<\/li><li>State Mortgage and Investment Bank<\/li><li>Pan Asia Banking Corporation PLC<\/li><li>Union Bank of Colombo<\/li><li>Nations Trust Bank PLC<\/li><\/ol><p>The completed loan recommendation form, along with the required supporting documents, should be directly handed over to the relevant PFI\/Bank.<\/p><p><strong><u>Required documents<\/u><\/strong><\/p><ul><li>Recommended Form<\/li><li>Business Name Registration<\/li><li>Business Plan<\/li><\/ul><table width=\"1161\"><tbody><tr><td width=\"198\">\u00a0<\/td><td colspan=\"2\" width=\"963\"><p><strong>\u00a0<\/strong><\/p><\/td><\/tr><tr><td width=\"198\"><p>Who can apply<\/p><\/td><td width=\"883\"><p>\u00a01. Existing MSMEs survived the crisis and struggled to move on<\/p><p>\u00a02. Start-ups<\/p><\/td><td width=\"80\">\u00a0<\/td><\/tr><tr><td width=\"198\"><p>Total Fund\u00a0<\/p><\/td><td colspan=\"2\" width=\"963\"><p>Rs 25 Bn<\/p><\/td><\/tr><tr><td width=\"198\"><p>Loan Limit\u00a0<\/p><\/td><td colspan=\"2\" width=\"963\"><p>Rs 25 Mn<\/p><\/td><\/tr><tr><td width=\"198\"><p>Lending Loan Rate<\/p><\/td><td colspan=\"2\" width=\"963\"><p>5%<\/p><\/td><\/tr><tr><td width=\"198\"><p>Re payment Period<\/p><\/td><td colspan=\"2\" width=\"963\"><p>10 years (including grace period)<\/p><\/td><\/tr><tr><td width=\"198\"><p>Grace Period<\/p><\/td><td colspan=\"2\" width=\"963\"><p>For Investment Purpose &#8211; Maximum 1 Year<\/p><p>For Working Capital Requirement \u2013 Maximum 06 Months<\/p><\/td><\/tr><tr><td width=\"198\"><p>Collateral\/equity<\/p><\/td><td colspan=\"2\" width=\"963\"><p>As determined by the Bank<\/p><\/td><\/tr><tr><td width=\"198\"><p>PFIs Allocation<\/p><\/td><td colspan=\"2\" width=\"963\"><p>Maximum Rs. 1000 million will be allocated for selected PFIs and after utilizing 80% of the previous allocation the PFIs can request additional allocation.\u00a0<\/p><\/td><\/tr><\/tbody><\/table><p><strong>Application<\/strong><\/p><p><em><a href=\"https:\/\/www.industry.gov.lk\/web\/wp-content\/uploads\/2026\/01\/Re-MSME-Plus-Application-3.pdf\"><span style=\"color: #800000;\">RE-MSME PLUS Application<\/span><\/a><\/em><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Loan Schemes for Re-energizing the MSME Sector (RE-MSME PLUS) Stimulating Package for Re-energizing the MSME Sector in Sri Lanka Government Funded Loan scheme Implementing Agency; Department of Development Finance, Ministry of Finance, Planning and Economic Development Recommendation will be provided the Ministry of Industry and Entrepreneurship Development Objectives Providing concessionary credit facilities to eligible Micro, Small Medium sized Enterprises (MSMEs) sub borrowers through selected Participatory Financial Institutions (PFIs). To survive, recover and expand and to provide seed capital for new MSMEs to commence business. Eligible Criteria of MSMEs 1. MSMEs in operation2. No fully closed MSMEs3. Category\u00a0 \u00a0 \u00a0 \u00a0 \u00a0o Manufacturing\u00a0 \u00a0 \u00a0 \u00a0 \u00a0o Services\u00a0 \u00a0 \u00a0 \u00a0 \u00a0o Construction\u00a0 \u00a0 \u00a0 \u00a0 \u00a0o Export-oriented\u00a0 \u00a0 \u00a0 \u00a0 \u00a0o Tourism\u00a0 \u00a0 \u00a0 \u00a0 \u00a0o Apparel\u00a0 \u00a0 \u00a0 \u00a0 \u00a0o Fisheries and Animal Husbandry\u00a0 \u00a0 \u00a0 \u00a0 \u00a0o Agriculture and agro-based\u00a0 \u00a0 \u00a0 \u00a0 \u00a0o Swine Farmers\u00a0 \u00a0 \u00a0 \u00a0 \u00a0o Women-led enterprises at least 51% ownership by women.4. No trading, leasing and renting business5. Medium, Small and Micro Industries\u00a0 \u00a0 \u00a0 \u00a0 Turnover (last financial year) \u2013 below Rs. 1000Mn\u00a0 \u00a0 \u00a0 \u00a0 Employees \u2013 below 2006. Registered Industry7. At least one Sri Lankan Director Loan can be utilized for To purchase assets such as machinery, equipment or furniture for business expansion Cost reduction initiatives Solar installations or productivity improvement introduce new or advanced technologies New construction\/ expansions\/refurbishment of a factory, building, warehouse and tourism sector-related locations For working capital requirements Loan cannot be utilized for Vehicle purchase is not allowed unless it is a land vehicle or sub borrower is in the hotels or tourism sectors. Cannot be used for settlement of existing loans Participating Credit Institutions (PCI\u2019s) Bank of Ceylon People\u2019s Bank Regional Development Bank Hatton National Bank NDB Bank DFCC Bank Sampath Bank Commercial Bank Seylan Bank Sanasa Development Bank Cargill\u2019s Bank PLC State Mortgage and Investment Bank Pan Asia Banking Corporation PLC Union Bank of Colombo Nations Trust Bank PLC The completed loan recommendation form, along with the required supporting documents, should be directly handed over to the relevant PFI\/Bank. Required documents Recommended Form Business Name Registration Business Plan \u00a0 \u00a0 Who can apply \u00a01. Existing MSMEs survived the crisis and struggled to move on \u00a02. Start-ups \u00a0 Total Fund\u00a0 Rs 25 Bn Loan Limit\u00a0 Rs 25 Mn Lending Loan Rate 5% Re payment Period 10 years (including grace period) Grace Period For Investment Purpose &#8211; Maximum 1 Year For Working Capital Requirement \u2013 Maximum 06 Months Collateral\/equity As determined by the Bank PFIs Allocation Maximum Rs. 1000 million will be allocated for selected PFIs and after utilizing 80% of the previous allocation the PFIs can request additional allocation.\u00a0 Application RE-MSME PLUS Application<\/p>\n","protected":false},"author":6,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false},"acf":[],"_links":{"self":[{"href":"https:\/\/www.industry.gov.lk\/web\/wp-json\/wp\/v2\/pages\/25542"}],"collection":[{"href":"https:\/\/www.industry.gov.lk\/web\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.industry.gov.lk\/web\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.industry.gov.lk\/web\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.industry.gov.lk\/web\/wp-json\/wp\/v2\/comments?post=25542"}],"version-history":[{"count":140,"href":"https:\/\/www.industry.gov.lk\/web\/wp-json\/wp\/v2\/pages\/25542\/revisions"}],"predecessor-version":[{"id":35329,"href":"https:\/\/www.industry.gov.lk\/web\/wp-json\/wp\/v2\/pages\/25542\/revisions\/35329"}],"wp:attachment":[{"href":"https:\/\/www.industry.gov.lk\/web\/wp-json\/wp\/v2\/media?parent=25542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}