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


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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