Pan Asia Bank to grant loans for dairy development
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Exchanging of the MoU between Pan Asia Bank and the Central
Bank, by Pan Asia Bank’s Director and CEO Dimantha
Seneviratne and Central Bank Acting Director, Regional
Development Department, A. M. R. K. Attanayake. From left:
Assistant Director, Regional Development Department, M. M.
Theseem, AGM Branch Operations and Credit, Pan Asia Bank,
Naleen Edirisinghe and AGM SME and Pawning, Pan Asia Bank,
Indrajith Gunasekara look on. |
The Pan Asia Bank signed a Memorandum of Understanding with the
Central Bank recently to offer a Commercial Scale Dairy Development Loan
Scheme (CSDDLS) to improve the productivity of dairy farmers.
The CSDDLS will facilitate individuals, groups or a registered
company in the dairy sector subject to a maximum loan facility of Rs 25
million. These loans could be obtained from any of the 77 Pan Asia Bank
branches islandwide.
This loan could be obtained for purposes such as purchase of
live-stock, setting up of cattle sheds, buildings, irrigation systems
(sprinkler, pipeline), construction of well or agro-well, fodder
cultivation, setting up new farms, farm development, construction of bio
gas units, expansion of farms, production of dairy based products or
milk processing, purchase of machinery and equipment such as tractors,
water pumps, refrigerators, cream separators, milking machines and grass
choppers, freezer trucks for milk transportation and storage to preserve
milk based products.
It also supports any other innovative activities directly related to
dairy development or promoting the culture of drinking liquid milk and
other innovative methods as recommended by a Veterinary Surgeon or
livestock officer for improvement of production and quality of products.
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