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Revolving fund loan scheme of Tea Development Project

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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

  1. Be a citizen of Sri Lanka
  2. Be a sole or joint owner, registered company or a Tea Smallholder Development Society registered with the Tea Small Holdings Development Authority
  3. Not be a defaulter to a financial institution
  4. Be a person capable to provide collateral required by the lending institution
  5. 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 Information

Tea Small Holdings Development Authority

No. 70
Parliament Road
Pelawatta
Battaramulla

 


Rohitha Waidyaratne
Telephones:011 2784926 / 011 2784927 / 011 2785609 / 011 2787594 / 0777 006617
Fax Nos:011 - 2784928 / 011 - 2784925
Email:dpmtea@gmail.com
Website: www.teaauthority.gov.lk

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Last Updated On: 0000-00-00 00:00:00
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