The Government Information Center

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.

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