Kurshi Navodaya loan schemeL:

Lankaputhra ranks third

Lankaputhra Development Bank ranked third in implementing the Kurshi

Navodaya loan scheme, based on disbursements made by the Hambantota branch of the bank. A large number of recipients have obtained loans under this scheme through the Lankaputhra Development Bank. Fully owned and enjoying a hundred per cent State patronage, the Lankaputhra Development Bank is operating through seven branches. Plans are afoot to expand the branch network to cover Moneragala as well as the North in the future.

A ceremony to assess performance in this regard, organized by the Central Bank of Sri Lanka, was held in Colombo recently. Lankaputhra Development Bank was represented at this event by the Hambantota Branch Manager Wasanthi Nanayakkara and Krushi Navodaya Loan Scheme and coordinating officer Manager Colombo branch Dulmani Jayasekara.

The Kurshi Navodaya loan scheme introduced by the Central Bank of Sri Lanka seeks to disburse low interest loans through 14 local State and private sector banks. Lankaputhra Development Bank acts as the principal participatory financial institution under this loan scheme.

The scheme which was introduced by the Central Bank in 2007 makes available the capital to raise the income avenues of farmers engaged in diverse economic pursuits in the agricultural sector and those engaged in self-employment ventures based on agriculture.