BOC educates rubber cultivators on its latest loan scheme

BOC educates rubber cultivators on its latest loan scheme

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The Bank of Ceylon is planning to hold district wise campaigns to create awareness about its latest loan scheme launched, targeting the small scale rubber farmers. Accordingly, the Bank has already held its first national program on the loan scheme, ‘Thuru Saviya.’

Bank of Ceylon introduced this lending scheme during the month of December, with the aim of helping small rubber estate owners. The maximum amount that would be disbursed under this scheme is 300,000 rupees. The rate of annual lending would be 16% and under simple securities. The program is expected to benefit 20,000 members of the “Thurusaviya Fund”, an arm of the Ministry of Plantation, established to uplift small rubber estate owners.