NDB Bank launches Tea Manufacturer Finance scheme
View(s):National Development Bank PLC (NDB) has introduced a Tea Manufacturer Finance Programme, a specialised financial solution designed to support tea producers and exporters in expanding their operations and growing beyond borders.
Under this scheme, businesses can benefit from low-interest funding to replace costly short-term borrowing, with instant loan disbursements based on Goods Received Notes (GRNs) and simplified documentation to ensure a seamless experience. The programme is designed with flexibility in mind, enabling tea factories of any scale to access working capital or long-term financing as per their operational needs, the bank said in a media release.
Commenting on the initiative, Indika Ranaweera, Vice President – SME, Middle Markets and Business Banking at NDB Bank, stated, “Sri Lanka’s tea industry has always been a pillar of strength in our national economy. Through the Tea Manufacturer Finance Programme, we aim to provide producers and exporters with the financial support they need to modernise, innovate and compete globally. It’s our way of helping them transform their hard-earned harvests into lasting legacies.”
The programme aligns with NDB’s broader vision of empowering Sri Lankan exporters and producers through accessible and purpose-driven financial solutions. Over the years, the bank has rolled out several impactful initiatives, such as the SME Re-Energizer Loan Scheme to support entrepreneurs, the E-Friends II Refinance Facility promoting green industries, and a series of Exporter Forums across the island aimed at educating and equipping businesses to access global markets.
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