MBSL backs agriculture sector with special leasing package for ‘Kartar’ Tractor

Monday, 15 March 2021 01:08 - - {{hitsCtrl.values.hits}}

Merchant Bank of Sri Lanka and Finance PLC launches a unique leasing package for ‘Kartar’ Tractors specially designed to suite the agricultural needs of Sri Lankan farmers. Under this special leasing package, farmers, small and medium scale entrepreneurs engaged in commercial agriculture will have the opportunity of purchasing the ‘Kartar’ Tractor with easy instalment plans tailored for farming seasons.

MBSL further provides flexible repayment facilities, a free insurance coverage from preferred insurance companies, free registration and express services with this leasing facility. Kartar customers will receive further benefits with this special leasing package which include two years or 2,000 working hours warranty, three free services and free accessories for four services.

The Kartar Tractor manufactured by renowned ‘Kartar Agro Company’ of India which has over 40 years of experience in the Indian agricultural machinery sector is an excellent product combined with power, energy, cutting edge technology and comfort. Accordingly, Kartar Tractor is being introduced to the Sri Lankan farmers by one of the leading agricultural companies in Sri Lanka; ‘AgStar PLC’ manufactured to particularly suit the agricultural needs in Sri Lanka.

Furthermore, the Kartar Tractor which is the tallest tractor utilised in the Sri Lankan agricultural field is enhanced with many more special features. These competitive special features include; high power Kirloskar engine with 50 Horsepower capacity and 4WD capability, double clutch facility with independent PTO for maximum efficiency, power steering system with double jacks for easy handling, record breaking highest lifting capacity of accessories and uniquely low fuel consumption. Further, its larger tires with wide mud treads makes it easy to handle in any soil condition and it also comes with a MP3 player and a speaker system which can be coupled with mobile phones via Bluetooth.

MBSL which was established in year 1982 became a public company registered in the Colombo Stock Exchange in year 1991. Contemporarily it has become a pioneering financial institution in the field of investments and corporate financial services sector in Sri Lanka which rewards its customers with excellent leasing facilities, credit facilities for SMEs (Small and Medium Size Enterprises), credit facilities for commercial entities, corporate advisory services, stock market related services, fixed deposit, savings accounts, children’s savings accounts, property sales and also gold loan services; with outstanding proficiency.

The major shareholder of the MBSL with the ownership of shares amounting to 74% of the total shares is the Bank of Ceylon, which is the number one bank in Sri Lanka. The branch network of MBSL comprises of 49 island-wide, inclusive of the Head Office located in the BOC Merchant Tower in Colombo 3.