SMILE III RF

Small & Micro Industries' Leader and Entrepreneur Promotion Project Revolving Fund - (SMILE III RF)

Category I - General Loan Scheme

Any purchase of machinery that:

• Generates income
• Increases production capacity
• Increases level of operations
• Improves quality
• Improves price competitiveness

Category II - Technical Transfer Assistance Scheme

To upgrade, 

• Accounting, managerial, technical skills of project staff
• End products by purchasing quality control equipment, inclusive of laboratory equipment

Eligibility

Micro & small-scale entrepreneurs engaged in manufacturing, food processing, textile and garments, agro industries, fisheries, animal husbandry, horticulture & etc.

• Overall project cost should not exceed Rs. 75.0 Mn.
• Minimum 25 % equity contribution 

Loan Amount

• General Loan Scheme: up to Rs. 25 million
• Technical Transfer Assistance Scheme: up to Rs. 2.5 million

Repayment Period

• For General Loan Scheme:  maximum of 10 years including 2 years additional grace period.
• Technical Transfer Assistance Scheme: maximum of 7 years including 2 years additional grace period.

 Special Conditions

• Highest priority will be given to rural areas
• Districts of the Western Province will be given less priority