Home / Other Sectors/ Seylan Bank, Ministry of Industry and Commerce to support SMEs

Seylan Bank, Ministry of Industry and Commerce to support SMEs

Comments / {{hitsCtrl.values.hits}} Views / Friday, 22 June 2018 00:00


With increased awareness about global warming and reducing carbon footprint, the Government of Sri Lanka has implemented broad guidelines and directions for a sustainable industrial development and promotion of local industries. 

Accepting the invitation of the Ministry of Industry and Commerce, Seylan Bank joined in as a financial facilitator to support this initiative by enabling SMEs to reach new heights in creating a sustainable environment. 

The E Friends Loan Scheme is a revolving fund that will be issued to eligible industries as a loan scheme to find out solutions to the environment problems such as industrial pollutions caused by their manufacturing, waste minimization, resource recovery and savings, pollution control and abatement measures and associated design measures for environmental improvement initiatives. 

Commenting on the partnership, Seylan Bank Deputy General Manger Branch Credit K.D.W. Rohana said: “We are proud to come on board as a financial facilitator for a project that is of national priority and heralds a new era for Small and Medium Enterprises. We at Seylan have always focused on empowering SME’s with greener business initiatives and by partnering with the Ministry of Industry and commerce we are able to extend our support towards the empowerment of this sector in creating a greener economy.”

The maximum loan amount released per application would be Rs. 30,000,000 with a repayment period of 120 months (10 years) including a grace period of 24 months (two years). The interest rate on the E Friends II Loan Scheme will be 6.5% p. a. with a 100% extent of refinance and a customer contribution of 25% of the total project cost.

Any manufacturing or industrial enterprise, whose investment in fixed assets excluding land and building (owned or leased) at original book value should not exceed Rs. 250 m on completion of the project.

Applications could be downloaded from the Ministry website www.industry.gov.lk, obtained from Seylan Bank’s Branch Credit – Refinance division by calling 011 2 456 740 or from the Project Management Unit of the Ministry of Industry and Commerce at 73/1, Galle Road, Colombo 3. 

Share This Article

Facebook Twitter


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

Our Cricket Board simply cannot deliver – why not they all quit honourably?

Tuesday, 18 June 2019

“It is necessary, therefore, for the Government to pay serious attention to the doings of Sri Lanka Cricket [board] and take immediate action to lift their game for the progress of our glorious game.” Question for Sri Lanka Cricket (board) Sri La

Yesterday Tamils, today Muslims and tomorrow who?

Tuesday, 18 June 2019

From the time of S.W.R.D. Bandaranaike’s election victory in 1956, one and only one issue had dominated political party campaigns in this country; and that was communalism. The Tamil community was the main focus of these campaigns for over 50 years

Those who go by social proof are easy prey to crafty schemers

Monday, 17 June 2019

Going after social proof Swiss writer and novelist, Rolf Dobelli, in one of the essays in his 2013 book ‘The Art of Thinking Clearly’, has given a fine warning to his readers. He has warned against going by ‘social proof’ or ‘majority view

Poson ponderings on positional power: ‘Authority vested’ vs. ‘authority wasted’

Monday, 17 June 2019

We witnessed a serene Poson Poya, in a far more improved security setting in Sri Lanka. Whilst the Sri Lankan life slowly returning to normal, political fronts do not appear to show the same. Has the political power become the people ‘pava’ (sin)

Columnists More