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Commercial Bank Chief Operating Officer S. Prabagar (4th from left) and AMW Group Managing Director Peter Mackenzie exchange the agreement in the presence of representatives of the management of the two institutions
Local cultivators can once again profit from a collaboration between the Commercial Bank of Ceylon PLC and Associated Ltd. (AMW), which will enable them to enjoy leasing facilities for New Holland tractors with a series of special benefits including a price discount of Rs. 135,000.
The popular ‘Agri Lease’ promotion of the two companies is back and will run till the end of 2023, offering low monthly lease rentals, free RMV registration, three labour free services and a free tool kit, in addition to the discounted price, the Bank said.
A standout feature of this promotion is Commercial Bank’s ‘Kanna Varika’ (Seasonal Payments) option via a customised leasing package corresponding to the farmers’ income patterns, under which rentals will be serviced only during harvesting periods.
The Bank said that the prime objective of the promotion is to empower the farming community to access the latest technology and equipment, thereby contributing to improve income and support national economic development. The promotion will be conducted in agricultural areas by the Bank’s Agriculture and Micro Finance Unit (AMFU) officers and the sales teams of AMW.
The New Holland Agriculture brand is globally renowned for providing solutions that improve farming efficiency and productivity by using accessible technology. AMW’s partnership with New Holland Fiat India enables them to offer a wide range of easy-to-operate tractors, harvesters, material handling and seeding equipment. New Holland has more than 100 product lines and over 400 models globally.
