Women Empowerment Through Microfinance Program

The Department of Rural Development, in partnership with the Central Province Microfinance Company, is launching a special microfinance program aimed at empowering women entrepreneurs in rural communities.

Loan Facilities Available

1. Business Start-up Loans

Amount: Rs. 25,000 - Rs. 200,000
Interest Rate: 6% per annum
Repayment Period: Up to 3 years
Grace Period: 3 months

2. Business Expansion Loans

Amount: Rs. 200,000 - Rs. 500,000
Interest Rate: 7% per annum
Repayment Period: Up to 5 years
Grace Period: 6 months

3. Group Lending

Amount: Rs. 500,000 - Rs. 2,000,000
Interest Rate: 5% per annum
Repayment Period: Up to 5 years
Minimum Group Size: 5 women

Special Features

No collateral required for loans up to Rs. 100,000
Free business development training
Mentorship from successful entrepreneurs
Marketing support and linkages
Flexible repayment schedules
Insurance coverage for borrowers

Eligibility Criteria

Female residents of Central Province
Age: 18-60 years
Member of a registered rural development society
Clear business plan and idea
Good credit history
Willing to undergo business training

Application Process

Attend orientation session at Rural Development Office
Complete business development training (2 days)
Prepare business plan with assistance from officers
Submit loan application with required documents
Credit assessment and approval (within 14 days)
Loan disbursement

Required Documents

National Identity Card
Proof of residence
Society membership certificate
Business plan
Bank account details
Two references (for loans above Rs. 100,000)

Next Orientation Sessions:

Kandy District: Every Monday at 10:00 AM
Matale District: Every Tuesday at 10:00 AM
Nuwara Eliya District: Every Wednesday at 10:00 AM

For more information, contact your Divisional Rural Development Office or call our helpline: 081-2205593

News Details