People’s Bank holds Aswenna concessionary loan granting ceremony in Batticaloa

People’s Bank Batticaloa Regional Manager N. Sriskantha giving away a loan grant under the Aswenna loan scheme to purchase a tractor

People’s Bank has introduced the Aswenna loan facility with the intention of supporting the Government’s development program of making Sri Lanka sustainable again. This was introduced simultaneous to the government initiative of supporting the agricultural sector. Yet another phase of this loan granting scheme took place at Vavunathivu, Batticaloa recently.

The event saw the distribution of passbooks to farmers who have opened new Aswenna savings and Investments accounts, alongside granting loans for many agricultural activities such as purchasing new cultivation lands, purchasing tractors and other agricultural equipment, purchasing seeds and the development of infrastructural facilities. Furthermore, under People’s Bank’s green banking concept plants were distributed amongst farmers who opened new accounts and subscribed to the Aswenna loan scheme. 

People’s Bank Batticaloa Regional Manager N. Sriskantha, Assistant Regional Manager S.M. Moganathas and staff members of People’s Bank and many members of the farming community were present at this occasion.