This loan scheme is relevant to all subsidy scheme operated by Tea Small Holdings Development Authority except tea new planting subsidy scheme.
The way how the Revolving Fund Loan Scheme of the Tea Development Project differ from normal subsidy schemes
Note: This scheme is not implemented in 2009.
. | Subsidy Scheme | Revolving fund loan scheme of Tea Development Project |
Applications | Should be submitted to the TSHDA | Should be submitted to the TSHDA |
Recommendation for loan/subsidy amount | Tea Small Holdings Development Authority | Tea Small Holdings Development Authority |
Field inspections | Will be carried out by Tea Inspector Extension Officers of the TSHDA | Will be carried out by Tea Inspector Extension Officers of the TSHDA |
Recommendations for payment of instalments | Tea Small Holdings Development Authority | Tea Small Holdings Development Authority |
Institution paying the instalment | Tea Small Holdings Development Authority | Relevant financing institution |
Whether subsidy or loan | Subsidy | Loan |
Interest | None | 9% |
Subsidy | Total amount | 50% of the interest will be paid by the TSHDA only for tea replanting if work is completed within the validity period of the permit |
Eligibility
- Be a citizen of Sri Lanka
- Be a sole or joint owner, registered company or a Tea Smallholder Development Society registered with the Tea Small Holdings Development Authority
- Not be a defaulter to a financial institution
- Be a person capable to provide collateral required by the lending institution
- Confirming the repayment ability of the loan
Places where applications could be obtained
Bank loan applications - Head office, all Regional offices, Te Inspector extension officers’ offices and sub offices on Wednesdays
Times of submission
Paper notices will be published for each year
Fess payable to obtain the service
Payments stipulated by relevant financing institutions
Time taken to obtain the service (Normal services and priority services)
Recommendation for the loan will be given by the authority in two weeks after submission of applications
Required confirmation documents
Credit bonds and other documents requested by the lending institution
Staff officers in charge of the service
Designation | Name | Division | Telephone | Fax | e-mail |
Head Office Deputy General Manager (Development) | Mr.M.B.Cyril | Development | 2784930 | 2784928 2785925 | dgmdtshda@gmail.com |
Regional Offices Regional Manager or the Assistant Regional Manager of the relevant Regional Office | - | - | - | - | - |
Organization InformationTea Small Holdings Development Authority
No 70,
Parliament Road,
Pelawatte,
Battaramulla.
Telephones:0117909021 / 0117909020 Fax Nos: 0112784925 / 0112784928 Email:info@tshda.gov.lk Website: www.tshda.lk
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