Understanding the Swashakthi Loan Scheme


Hon. Prime Minister Ranil Wickremesinghe launched a loan scheme to help the small and medium scale entrepreneurs to start self-employments and industries to strengthen the village economy. Called the Swashakthi National Loan Scheme, the scheme was launched on the 4th of February 2017, the purpose of this project would be to strengthen the economy in each electorate of the country.

As per the Swashakthi scheme, the concept here would be to take 25,000 ideas, and out of that, create 25,000 businesses, thus strengthening the villages of Sri Lanka.

How does one apply for the Swashakthi Loan?

In order to apply for the loan, a project proposal would have to be submitted. An evaluation of the project will be carried out by participating banks, or by the Small Enterprise Development Division of the Ministry of National Policies and Economic Affairs. As for eligibility, all businesses that can potentially generate revenue in the Agriculture, Industrial and Service sectors are eligible for the scheme.

A list of partnering banks for the Swashakthi Scheme
Image taken from Advisor.lk

Once selected, Startups will receive a grant up to Rs. 10,000/- in lieu of initial expenses. The new would also have to make an equivalent contribution, thus kick-starting the initial project work.

New SMEs would also receive a maximum of Rs. 200,000/- as a startup loan, at an interest rate of 5.5% per annum. A further amount of up to Rs. 40,000/- will be distributed as a grant upon evaluation of the project after the initial six months. If you are an existing business, you are eligible for a loan of upto Rs. 250,000/- at an interest rate of 5.5%.

Startups and their projects would be judged on criteria such as novelty of business ideas, entrepreneurial and technical skills of the loan applicant, market demand for the proposed product, marketing and packaging strategies etc.

Image taken from Asian Development Bank

The Swashakthi programme is managed by the Ministry of National Policies and Economic Affairs in tandem with the Central bank of Sri Lanka. In order to apply for the scheme, SMW can submit applications via one of the partner banks.

Applying for the second part of the grant

In order to be eligible for the Rs. 40,000/- grant, the SME would have to meet a minimum of at least one of the points given below:

  • Have a turnover growth of at least 20% per annum
  • They must also create at least one additional employment opportunity
  • The enterprise would also have to achieve 80% of the targets of the business plan set for the first 6 months

The eligible entrepreneur needs to apply for the second part of the grant through the Small Enterprises Development Division (SED) of MNP&EA or from the relevant PFI, after achieving at least one of the above targets.
Additional loans could also be obtained if necessary at a moderate interest rate. In order to do this, the SME would have to consult with the respective participating bank based on the success of the business.

The implementation of the Swashakthi scheme would aid approximately 25,000 individuals to support the government’s initiative to create one million employment opportunities.

According to the head of the Central Bank, as of now, the Central Bank of Sri Lanka has implemented schemes, thus distributing an approximate Rs. 9.5 billion among 917,200 MSME entrepreneurs during the last five years.

You can visit any of the banks shown in the diagram above to learn more about Swashakthi. In addition, you can also click here to download the application form to apply for the Swashakthi scheme.


  1. I need buisinesss loan.i have five machines.i need to start a small garment factory.abouth min 10 workers.pls help.i need to money to buy the asasaries..

  2. bohama hoda wadaki mama kulu badu nispadanaya danata karagana yanawa..mata a sadaha awasa masin labaganna hip karanna puluwanda..vistara kohmada dana ganna

  3. I want to apply for a loan under this scheme for the services sector. Please let me know the repayment period for the loan facility and if there is a grace period to enable me to complete the Business Plan.

  4. mama danatamath computer cervise, and class karan institute ekak 2005 liyapadinchi karala pawath wagena yanawa eka wadi diyunu karaganna me lone eka godak udau wewi kiyala hitenawa . mama lone application ekak ganne kohomada , glenbindunuwewa

  5. Man danata gam biththara wyaparaya karanne. Meka mata develop karaganna oni. Kohomada me loan eka apply karanne. Ampara 0719853559

  6. I’m planning to startup handmade card business. But my problem ia that i’m financially unstable. So pls if you can grant me the business loan its a great gelp for me.

  7. Mama denata led bulb&budures maala nishpadanaya kara alewi kirime wiyaparayak karagena yanawa. Mema wiyaparaya wedi diyunu kara genimata loan eka ganne kohomada?????? 0716949289

  8. I need to start hand made products specially pillow cases for sofa. How can I take 50000 donate by swashakthi. If u can help me I can make job opportunities. I can show some samples. Thank you

  9. mama sulu wiyaparayak karanawa mata thàwa eka dunu karaganna mudal madi. mama kohomada me lon eka ganne monawada kondesi mata udaw karanna.

  10. Hello I am going to start selling submarines but I don’t have money to take all the utensils and rent place so I need to know how can I apply for swaahakthi loan .

  11. මෙහි සඳහන් කරුණු සියල්ල හරි එත් එකදෙයක් මේකේ සඳහන් වෙලා නෑ….මම අද 16/03/2017 පානදුර හැටන් නැෂනල් හා ලංකා බැංකුව යන ආයතන දෙකටම ගියා .එහෙත් මෙහි සඳහන් ආකාරයට නව ව්‍යාපාරයක් ආරම්භ කිරීමට නයක් ලබා ගැනීම එතරම් ලෙහෙසි නෑ.මොකද මේ යෝජනාක්‍රම මේ වෙබ් පිටුවේ බොහොම ලෙහෙසි හා ඉක්මන් ලෙස දක්වා ඇතත් .ප්‍රායෝගිකව මෙම ණය යෝජනා ක්‍රමයද සාම්ප්‍රදායික බැංකු ණය ලබාදීමේ ක්‍රමවේදය ආකාරයෙන්ම තමා ක්‍රියාත්මක වෙන්නේ .ඒ නිසා මෙය ඔය කියන තරම් ලෙහෙසි හා පාසු එකක් නොවේ .රජය හා බැංකු අතර මොන ගිවිසුම් තිබුනද බැංකු කරුවන් මෙක්‍රමය ක්‍රියාත්මක කරන්නේ ඉතාම අසාර්ථක හා මංදොථ්සාඅහි ආකාරයට .මෙහි ණය ලබාගැනීම සාමාන්‍ය පුද්ගලයෙකුට කල නොහැකියි හැටන් නැෂනල් බැංකුවේ ණය පිලිබඳ නිලධාරියා මාවෙත ලබාදුන් තොරතුරු අනුව මට හැඟී යන කරුණනම් කොතරම් හොඳ ව්‍යාපාර යෝජනාවක් උවද සාමාන්‍ය පුද්ගලයෙකුට මෙම ණය මුදල ලබාගැනීමේ හැකියාවක් නොමැති බවයි .මන්ද එසන්දහා බැංකු විසින් ඉල්ලාසිටින ඇපකර ලබාදීමට බහුතර තරුණ තරුණියන්ට හැකියාවක් නැති වීම මෙම ක්‍රමය අසාර්ථක වීමට හේතුවක් වනු ඇත .

  12. please could verifying above banks recovering some banks they first recover whole amount interest some banks recovering time less the interest so, before take the loan should be find the recovering system example R.D.B. Collect all interest money first also you have delay one or two days pay for money ,they need(‘ thada muthal’/ thandapanam) more money so be carefully select the bank.


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