DFCC Bank
Lending /
Concessionary Lending Schemes
Environmentally Friendly Solutions Fund Scheme ( E-Friends )
Objectives
To help industries control pollution by providing low cost loans and interest free technical assistance loans
Salient Features
Eligibility criteria
For Whom
Sole Proprietorships, Private Limited Liability Companies, Public Quoted Cooperative Societies
Loan Size
Interest bearing loan
-
up to Rs 20 Million
Interest free loan
-
to reimburse 75% of consultancy fees subject to a maximum of Rs. 750,000/-
For What Purposes
Financing of
Equipment that will reduce emissions and production waste
Equipment to reduce the usage of resources and eliminate hazardous substances
Equipment to improve safety at the workplace
Relocation of polluting industries and to introduce waste water treatment
Charges
Current rate 8.5% p.a. (linked to inflation)
Term
Interest bearing loan -
10 years inclusive of a grace period of 2 years
(Negotiable)
Interest free loan -
5 years inclusive of a period of 1 year
(Negotiable)
