Lankaputhra third in Krushi Navodaya scheme

Lankaputhra Development Bank was ranked third in implementing the Kurshi Navodaya Loan Scheme, based on disbursements made by the Hanbantota branch of the Bank. A large number of recipients have obtained loans under this scheme through the Lankaputhra Development Bank.

Lankaputhra Development Bank operates through seven branches. Plans are afoot to expand the branch network to cover Moneragala as well as the North.

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