Daily Mirror (Sri Lanka)

CDB supports agricultur­al sector from frontline

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Citizens Developmen­t Business Finance PLC (CDB), lauded as one of the Top Ten Corporate Citizens for Sustainabi­lity in Sri Lanka, 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.

With a triple bottom line approach integrated into its business strategy, CDB is aware of its social responsibi­lity as a leading corporate towards the well-being of the nation. 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, CDB Director Sales and Developmen­t 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.”

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.

“It is a great pleasure to offer our exclusive facilities to Sri Lankan farmers. 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 emphasises 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 CDB Director Business Operations Dave De Silva.

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