Industry Loan Scheme
IDB “Industry” Loan Scheme
Financial Support for Small and Medium Scale Industries
Strengthening Sri Lanka’s Industrial Sector Through Accessible Finance
The Industrial Development Board (IDB) continues to support the growth and sustainability of Sri Lanka’s industrial sector through the “Industry” Loan Scheme, introduced in 2023. This initiative is designed to provide financial assistance to small and medium-scale industrial enterprises, helping them expand operations, improve productivity, and invest in business development.
Implemented in partnership with the Regional Development Bank (RDB), the scheme offers affordable financing to eligible industrial entrepreneurs across the country.
Loan Scheme Details
| Description | Details |
| Maximum Loan Amount | Rs. 500,000 |
| Repayment Period | 3 Years |
| Interest Rate | 6% per annum |
| Implementing Institution | Regional Development Bank (RDB) |
Eligibility Requirements
To qualify for the Industry Loan Scheme, applicants must meet the following criteria:
- Operate a manufacturing or production-based industry that has been in operation for more than one year.
- Be registered with the Industrial Development Board (IDB).
- Submit a valid Business Registration Certificate.
- Provide a statement of business income and expenditure.
- Submit machinery quotations when applying for financing related to machinery purchases a detailed cost estimate when the request is for working capital.
- Provide a copy of the applicant’s National Identity Card (NIC).
- Be able to provide the required guarantor or security arrangements.
- Not be listed as a defaulter in the Credit Information Bureau (CRIB).
Application Process
Industrial entrepreneurs who meet the eligibility requirements may apply for the Industry Loan Scheme through the Industrial Development Board.
As part of the application process, applicants must obtain a recommendation and certification from the relevant Provincial Director, Deputy Director, or Assistant Director of the IDB District Office responsible for their area.
Supporting Industrial Growth Across Sri Lanka
The Industry Loan Scheme reflects IDB’s commitment to strengthening local industries by improving access to affordable financing. Through this initiative, entrepreneurs can obtain the financial support needed to modernize operations, invest in equipment, and enhance business performance, contributing to employment generation and economic development across Sri Lanka.
Contact Your Nearest IDB District Office
For further information on the Industry Loan Scheme, eligibility requirements, or the application process, please contact your nearest IDB District Office.
Our officers are ready to assist you in accessing financial support to grow and strengthen your industrial enterprise.