NDB Bank’s SME loan to drive business growth
View(s):NDB Bank’s SME Re-Energizer Loan is designed to fuel the growth ambitions of Sri Lanka’s Micro, Small and Medium Enterprises (MSMEs) and start-ups. Launched in collaboration with the Sri Lankan Government, this timely initiative underscores NDB’s role as a steadfast partner in enabling entrepreneurship and empowering businesses that form the backbone of the national economy, the bank said in a media release.
The SME Re-Energizer Loan provides eligible businesses with access to investment funding of up to Rs. 25 million at a highly competitive interest rate of 7 per cent per annum. With flexible repayment terms, the facility is structured to ease the financial burden of expansion and innovation, allowing businesses to focus on scaling their operations sustainably.
Targeting priority sectors such as manufacturing, agriculture, tourism, exports, apparel, construction, and agro-based industries, the scheme supports a wide range of business needs. These include investments in machinery, equipment, solar installations, and productivity enhancements, vehicles for the tourism sector, factory expansions, and technology upgrades.
Commenting on the launch, Indika Ranaweera, Head of NDB Business Banking, said: “SMEs are at the heart of Sri Lanka’s economic progress. The SME Re-Energizer Loan has been designed to provide affordable and practical financing to help them overcome challenges, invest in their growth, and achieve long-term resilience. NDB remains dedicated to creating impactful financial solutions that go beyond transactions to deliver sustainable value.”
With SMEs contributing significantly to employment generation, innovation, and export potential, NDB’s SME Re-Energizer Loan represents more than a financial facility, it is a strategic enabler of national development and private sector competitiveness.
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