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
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Terms and Conditions

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  • Nunc non blandit massa enim nec dui nunc mattis enim. Libero volutpat sed cras ornare arcu dui vivamus. Sit amet facilisis magna etiam tempor orci eu. Sagittis nisl rhoncus mattis rhoncus urna neque viverra. Nec feugiat in fermentum posuere urna nec.
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SMILE III RF

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