Rs. 1 bln worth of micro leases disbursed by HNB to 400+ agri MSMEs

HNB PLC (bank) has disbursed over Rs. 1 billion to entrepreneurs in the agricultural sector through its recently launched Micro Leasing facility, offering Micro, Medium and Small Enterprises (MSMEs) a myriad of benefits and opportunities.  

Working in line with Central Bank of Sri Lanka (CB) directives to support and strengthen Sri Lanka's agriculture sector, HNB’s micro leases will be utilised to enhance the capabilities of over 400 agricultural entrepreneurs across the island, the bank said.  

A collaborative effort by the bank’s Leasing and Micro Finance arms, the facility offers customers a full suite of services, including access to great deals and benefits from HNB’s extensive merchant partner network.  

“The agriculture sector was one of the hardest hit by the COVID-19 pandemic in terms of revenue generation. Given its immense potential to contribute to a vibrant export economy, it is vital that we increase the sector’s productivity and earning potential through modernisation and mechanisation. We have experienced first-hand the need for these technologies at the grassroots, and we are proud to able to support farmers in their essential contributions towards rejuvenating Sri Lanka’s agricultural sector,” HNB Deputy General Manager - Retail and SME Banking Sanjay Wijemanne said. 

The Leasing and Micro Finance arms of the bank collaborated in ensuring HNB’s microfinance officers were fully aware of the facilities and partnerships of the bank in the agricultural sector.