Sri Lanka Export Development Board

BE AN #EXPORTCHAMPION

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Before you apply to Market Access Support Programme or "Erambuma" Credit Scheme, you must have an account. If you don't have an account, you'll first need to create an account.
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ENTERPRISE SRI LANKA PROGRAMME

ERABUMA CREDIT SCHEME
FINANCIAL SUPPORT FOR INNOVATIVE BUSINESS START-UPS

Calling for Applications for setting up of Business Start-ups by the Sri Lankan Graduates, Diploma, Higher Diploma and Graduate level skill certifi cate holders.

The National Budget 2018 provides an opportunity for youth to build their own businesses through the "Erambuma Credit Scheme" to commercialize and accelerate growth. The above loan will be provided on the merit of a business plan and a viable business idea. The loan scheme shall be operated islandwide. The Sri Lanka Export Development Board (EDB) is calling for applications from suitable companies / incubators / individuals under the following conditions

Eligibility

  • A citizen of Sri Lanka below 35 years.
  • Be a young university Graduate, Diploma, Higher Diploma and Graduate level skill certificate holders NVQ level 5,6 & 7.
  • Not a defaulter to Bank or any financial institution.
  • Have a suitable project location for the proposed venture.
  • Be able to submit a business plan with a positive cashflow for review.
  • Have required knowledge and skills to operate the project.

Loan facility

  • The interest rate will be 100% subsidized by the Government.
  • Maximum of Rs. 1.5 million will be given per person per company/ per innovative idea
  • Loans will be granted on non-collateral basis through Bank of Ceylon & People's Bank
  • The Applicant shall be liable to pay back the total amount of the facility borrowed from the bank within seven years from the date of disbursement.

Other conditions

  • Applicant should not be a Government employee, or a citizen of another country or a person living abroad.
  • Both investment and working capital loans are considered under the "Erambuma" scheme. However, working capital funding should not exceed 50% of the total facility.
  • Projects will be evaluated by the evaluation committee functioning under the EDB
  • The priority will be given for business ideas related to export value chain.

Application procedure

Obtain the online application from http://exporter.edb.gov.lk

For any clarifications you may contact;

“Erambuma” Help desk : 0112303862

Email : erambuma@edb.gov.lk

Chairperson & Chief Executive

Sri Lanka Export Development Board

42, Nawam Mawatha,

Colombo 2.