Citizens Development Business Finance PLC (CDB) has come forward to support and enhance the agriculture sector in Sri Lanka. CDB will be at the forefront in supporting the government policies to enhance the sector with tailor-made finance facilities for the growth and sustenance of agriculture, the company said in a media release.
CDB’s main focus will be empowering the farmers and their aspirations mainly through facilitating the finances for the purchase of agri-equipment to enhance their efficiency in daily activities.
Commenting on the initiative, Director Sales and Development, CDB, Sasindra Munasinghe said: “Rice production is one of the main resources of our country. Therefore, providing a secure environment to continue production and taking care of our farmers is our foremost responsibility. With this in mind, CDB initiated these facilities which will empower all farmers' aspirations and create a better livelihood for them”.
The release said that CDB has special payment plans for those in the agricultural sector where seasonal payment methods are tailor-made as per the different harvesting periods and yields in the area. These facilities are provided with low-interest rates for farmers coupled with a flexible payback period. These facilities will be processed at their convenience, with minimum documentation and doorstep services.
“Farmers play a vital role in development within the country and their work is rarely felicitated. The current contribution of the agricultural sector for the GDP is around 7.4 percent which emphasizes on the space for further expansion by focusing on new technology. Uplifting this particular sector will help the country maintain a sustainable economy and CDB will always be in support of providing assurance to the finest assets of the country.” added Director Business Operations, CDB, Dave De Silva.
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