Lankaputhra launches Laksaviya

Lankaputhra Development Bank, which enjoys total state patronage, has now come up with a unmachable flexible leasing scheme.

The Laksaviya Leasing marks a new chapter in the history of Lankaputhra Development Bank. Minister of Ports, Civil Aviation, Irrigation and Water Management, Chamal Rajapaksa ceremonially launched the leasing scheme by issuing the first lease agreement on the 06th June at the Hambantota branch of Lankaputhra Development Bank.

This scheme has been designed to meet the diverse needs of entrepreneurs efficiently and on an islandwide basis, benefiting small and medium scale entrepreneurs. Lease arrangements could be obtained through this scheme for the purchase of agricultural implements, machinery as well as project related vehicles. Compared to the commercially oriented leasing provided for purchase of vehicles by most of the banks, the Lankaputhra leasing scheme encompasses the purchase of all types of machinery related to a project. It also offers a flexible and attractive repayment scheme. Introducing the Laksaviya Leasing Scheme, Chairman of the Bank, A Sarath De Silva said that it fulfilled a long felt need by the rural entrepreneurs for an uncomplicated leasing scheme. A notable feature is the speed at which entrepreneurs could meet their leasing needs through this scheme.

de Silva noted that the Laksaviya Leasing Scheme would help harness the strength of the rural entrepreneurs towards national development.

The Hambantota District Secretary, the Acting General Manager of Lankaputhra Development Bank, and the Chief Risk and Operations Officer as well as several customers were present on this occasion. Minister of Ports, Civil Aviation, Irrigation and Water Management Chamal Rajapaksa hands over the first lease agreement. Senior Manager, Human Resources and Administration, Maxwell Janz.