LDB launches Deewara Diriya
by Sapumali GALAGODA
The Management of Lankaputhra Development Bank (LDB) has drawn up
plans to open branches in Jaffna, Mannar and Trincomalee shortly.
LDB will disburse a sum of over Rs35 million rupees to fishermen
under the Deewara Diriya loan scheme. This loan scheme, jointly
implemented by the Wennappuwa Branch of LDB and the Provincial Ministry
of Fisheries, was launched at the Karuppane fishing village in Chilaw.
Provincial Minister of Fisheries
Sanath Nishantha handing over the first cheque issued under
the loan scheme. Manager Wennappuwa branch LDB, Udaya
Ranatunga is also in the picture.
This scheme will benefit fishermen of the North Western Province.
The money will be disbursed through fisheries development Societies
covering the North Western Province.
Manager Wennappuwa branch LDB, Udaya Ranatunga, said that funds are
disbursed to fishermen without the traditional collateral and
guarantees. Ranatunga further said that LDB is offering simplified and
flexible banking services to fishermen with minimum documentation.
The loan scheme will be extended to fishing villages of Kalpitiya,
Kandakuliya, Chilaw and Negombo in association with the provincial
ministry of fisheries.
LDB which is a fully state owned entity was launched with the aim of
boosting the national economy. Several projects are being implemented by
LDB to promote the small and medium scale entrepreneurship sector,
including the Kurshi Navodaya , Mahaweli and Nawa Sapiri rural loan
schemes. The Bank also offers several savings schemes for the young with
attractive rates of interest. In addition, LDB provides leasing
facilities as well.
The Bank has branches in Colombo, Hambantota, Polonnaruwa, Kegalle,
Kandy, Wennappuwa and Batticaloa.