ComBank and Hayleys Agriculture promote new tech in farming
View(s):The Commercial Bank of Ceylon has partnered with Hayleys Agriculture to offer customised leasing and loan facilities to farmers investing in high-quality agricultural machinery supplied by Hayleys Agriculture, in a move designed to strengthen Sri Lanka’s vital agriculture sector through affordable access to modern equipment.
Under this partnership, farmers purchasing tractors, harvesters and other agricultural equipment from Hayleys Agriculture will be eligible for special Agri Leases and Diribala Green Development Loans from Commercial Bank. These facilities come with flexible repayment terms aligned with cropping cycles, preferential interest rates, and speedy processing, reducing the financial burden on farming communities while promoting mechanisation and productivity, the bank said in a media release.
Commercial Bank Deputy General Manager – Personal Banking S. Ganeshan and Hayleys Agriculture Managing Director Ms. Jayanthi Dharmasena exchange the agreement in the presence of representatives of the two companies.
The initiative is expected to significantly ease the capital constraints faced by farmers, enabling them to upgrade from labour-intensive traditional methods to efficient, technology-driven practices. This in turn is anticipated to boost crop yields, reduce operational costs and support food security objectives at both national and regional levels.
Commenting on the partnership, Commercial Bank’s Deputy General Manager – Personal Banking S. Ganeshan said: “This collaboration with Hayleys Agriculture reflects our commitment to strengthening rural livelihoods and ensuring sustainability in the agriculture sector. We recognise that upgrading agricultural infrastructure is key to unlocking growth and resilience in this segment.”
Managing Director of Hayleys Agriculture Holdings Ltd Ms. Jayanthi Dharmasena noted: “Hayleys Agriculture has always sought to empower the farming community through innovation and access. By working with a trusted financial partner like Commercial Bank, we are making advanced mechanisation more accessible and affordable.”
Hitad.lk has you covered with quality used or brand new cars for sale that are budget friendly yet reliable! Now is the time to sell your old ride for something more attractive to today's modern automotive market demands. Browse through our selection of affordable options now on Hitad.lk before deciding on what will work best for you!