HNB extends partnership with DIMO Agribusinesses for affordable agricultural equipment

HNB Acting Chief Executive Officer Damith Pallewatte (sixth from left) and DIMO Chairman Ranjith Pandithage exchanging the MoU in the presence of (from left) HNB Assistant Manager – Business Development Leasing Mahesh Ratnayake, Assistant Manager – Leasing Roshan De Silva, Head of Micro Finance Mahinda Senevirathne, Head of Personal Financial Services Susith Perera, Head of Retail Banking Kanchana Karunagama, DIMO Managing Director and CEO Gahanath Pandithage, Executive Director and COO Rajeev Pandithage, Deputy General Manager – Agri Machinery Amila de Silva, Deputy General Manager – Business Support Sanjeewa Kumara, Manager – Business Support Ruwan Wickramasingha and Assistant Marketing Manager Malith Rodrigo

HNB PLC, has announced the extension of its partnership with to provide exclusive leasing packages for agriculture machinery.

Building on their successful collaboration, HNB and DIMO Agribusinesses are committed to supporting local agriculture sector by offering their mutual customers an extensive list of discounts and facilities inclusive of low-interest rates, flexible repayment schemes, and exclusive benefits for Agri Machinery provided by DIMO Agribusinesses, the agriculture arm of DIMO a leading diversified conglomerate in Sri Lanka.

HNB Acting CEO Damith Pallewatte said: “We are excited to continue our collaboration with DIMO Agribusinesses, further empowering the agricultural community with innovative leasing solutions, including preferential rates for a promotional period on selected brands of tractors and harvesters. Together, with HNB’s Govi Saviya scheme continuing until the end of the year, and DIMO Agribusinesses’ free farmer kits and after-sales services, we aim to drive agricultural productivity and prosperity in Sri Lanka.”

HNB will offer leasing facilities for brand new Mahindra and Swaraj tractors as well as CLAAS and Lovol combine harvesters. Customers will also have access to a wide range of discounts and exciting deals through the value-added Prestige Prime credit offered for free with the first-year annual fee waived off. HNB General Insurance will offer attractive discounts for vehicle insurance premiums in addition to a free life insurance cover of Rs. 4.5 million for accidental deaths, while HNB Assurance will offer a Rs. 600,000 natural death insurance cover.

DIMO Executive Director who is also Group Director in charge of Agri Machinery segment Rajeev Pandithage said: “Embracing cutting-edge technologies and enhancing mechanisation in agriculture are crucial for improving productivity and profitability in the sector. At DIMO Agribusinesses, we are committed to propelling this mechanisation drive through brining next-generation agriculture while fuelling the dreams and aspirations of the farmers. Our renewed partnership with HNB guarantees farmers access to top-notch equipment featuring the latest technologies, favourable financing options, and added value benefits.” 

Through this partnership, DIMO will offer enhanced benefits for agricultural machinery, including four years’ comprehensive warranty for Mahindra and Swaraj Tractors, two years’ comprehensive warranty for Lovol Harvester, along with free farmers’ kits, oil filters for two years, and three free services for Mahindra and Swaraj tractors.

Additionally, DIMO extends three free services for Lovol combine harvesters and provides buyback schemes for repossessed machinery leased during specific periods, ensuring comprehensive support for Sri Lanka’s agricultural community.

HNB reaffirms its commitment to the local agricultural sector by offering preferential rates during the promotional period for selected brands, value-added credit cards with waived first-year annual fees, attractive discounted vehicle insurance premiums through HNB General Insurance, and free life insurance cover for HNB customers leasing vehicles.

The bank’s Govi Saviya scheme remains applicable until 31 December 2024, providing farmers with flexible financing options and support for their agricultural endeavours.