Kapruka Credit Scheme

Purpose

• Increase production of coconuts and productivity of coconut lands
• Enhance income and living standards of coconut farmers
• Increase employment opportunities
• Planting of new coconut with inter-cropping
• Replanting of coconut with inter-cropping
• Rehabilitation of coconut plantations and inter-cropping
• Rehabilitation of coconut plantations
• Coconut mono cropping
• Irrigation of coconut lands – drip irrigation system, flexible pipeline system
• Purchase of farm equipment for coconut lands
• Nurseries for inter-cropping
• Animal husbandry at coconut lands
• Fixing and maintenance of electric fences, other security fences
• Fixing of modern technical security devices (i.e. CCTV, alarm systems)
• Fixing of shades for coconut plants

Eligibility

• Be a citizen of Sri Lanka
• Borrower must contribute 20% of the cost of the project as equity
• Should not be a willful defaulter
• Be able to provide the collateral required by the Bank
• Be owner/leaseholder of the coconut land to be developed 
• The extent of land - minimum of ½ acre and maximum of 50 acres per farmer

Loan Amount

• Up to a maximum of Rs. 3.0 Mn.

Repayment Period

• 60 months (inclusive of an optional grace period of 12 months)