Strengthening its commitment to sustainability and economic progress, NDB Bank, in collaboration with the Ministry of Industries, has introduced a special facility under the “E-Friends II” Refinance Loan Scheme dedicated to promoting solar adoption among Sri Lankan entrepreneurs. This initiative is designed to make renewable energy more accessible and affordable, enabling businesses to transition to cleaner energy solutions while enhancing operational efficiency.
As the demand for renewable energy grows in response to rising energy costs and environmental challenges, the E-Friends II Solar Refinance Loan Scheme provides businesses with the financial backing needed to invest in solar power. The facility offers loans of up to Rs. 10 million at a highly competitive annual interest rate of 6.5%, with a repayment period of up to 10 years. Businesses can install solar capacity of up to 50KW, giving them a practical and sustainable pathway to reduce costs while lowering their carbon footprint.
By adopting solar power, entrepreneurs not only secure long-term energy savings but also contribute meaningfully to the country’s green transition. The scheme is ideal for enterprises looking to implement eco-friendly practices, strengthen resilience, and align with global sustainability trends.
Speaking on the initiative, Indika Ranaweera, Vice President – SME, Middle Markets and Business Banking at NDB Bank, stated: “NDB is proud to extend the E-Friends II Refinance Loan Scheme to support solar adoption, a vital step in creating an environmentally responsible business ecosystem. Through this facility, we aim to empower Sri Lankan entrepreneurs to embrace renewable energy, reduce dependency on non-renewable resources, and position themselves for sustainable growth.”
With its customer-focused approach, NDB Bank provides end-to-end support to ensure a seamless loan application and disbursement process. Backed by the Bank’s extensive branch network and dedicated officers, entrepreneurs across the country can access expert advice and tailored financial solutions to implement solar energy successfully.
NDB Bank invites entrepreneurs to take advantage of this timely opportunity to invest in solar power and become active contributors to a cleaner, greener, and more resilient Sri Lanka.
NDB Bank is the fourth-largest listed commercial bank in Sri Lanka. NDB was named Sri Lanka’s Best Digital Bank for SMEs at Euromoney Awards for Excellence 2025 and was awarded Domestic Retail Bank of the Year – Sri Lanka and Sri Lanka Domestic Project Finance Bank of the Year by Asian Banking and Finance Magazine (Singapore) Awards 2024. NDB is the parent company of the NDB Group, comprising capital market subsidiary companies, together forming a unique banking and capital market services group. The Bank is committed to empowering the nation and its people through meaningful financial and advisory services powered by digital banking solutions.
