Lankaputhra Development Bank launch of Stage II of Govi Navodaya loan scheme

Lasantha Amarasekara GM/CEO of the Bank handing over the hand tractors to farmers. Also in picture is the Kandy Branch Manager Ms Deepika Nawarathna

The “Govi Navodaya” Loan Scheme was launched recently to enable farmers of the Nuwara Eliya District to purchase hand tractors/powered tiller machines to plough their fields as a solution for labour shortage. The scheme was launched under the patronage of the Kandy branch of Lankaputhra Development Bank jointly with the Nuwara Eliya District Chamber of Commerce, together with the assistance of the Agricultural Co-operative Society of Sri Lanka with the aim of creating sustainable agricultural development.

Financial assistance at concessionary terms of interest was provided to farmers under the scheme. The progress achieved by the farmers is being constantly observed and monitored by LDB Kandy Branch and Nuwara Eliya District Chamber of Commerce.

A Memorandum of Understanding (MOU) in this regard was signed recently at the Nuwara Eliya District Chamber of Commerce office. It was signed between the Lankaputhra Development Bank and the Nuwara Eliya District Chamber of Commerce. With the implementation of the 2nd stage of the Govi Navodaya Loan Scheme, with extended facilities, farmers will be able to purchase machinery such as two wheel tractors, power tillers, power sprayers, milking machines, water pumps, seedling machines and electronic scales etc.

A tractor to the hundredth farmer under the first Stage of the Govi Navodaya Loan scheme was released at the occasion. The Saradha Lanka Organization has made arrangements to conduct a day long free in-house service camp on the use of hand tractors for the benefit of the farmers.