Sustainability & CSR Sri Lanka - Pan Asia Banking Corporation

Sustainability & CSR

Sprinkle Irrigation solutions for sugarcane farmers in Pelwatte

Pan Asia Bank, Lanka Sugar Co., Agriculture Insurance Board and Bartleet Co. entered into a in landmark Public-Private partnership to provide Sprinkle Irrigation Solutions to Sugarcane Farmers. Pan Asia Bank launched another special financing project through its Monaragala Branch to benefit the local sugarcane farming community by way of sprinkler irrigation technology for enhancing local sugar production. Pan Asia Bank extended loan benefits for the purchase of sprinkler water equipment to 65 selected farming families to commence the project. The Bank also provided technical consultation and sprinkler water kits with a 10-year warranty through Bartleet and special coverage for sugarcane cultivation through the Agrarian Insurance Board. Pan Asia Bank, Pelwatta Lanka Sugar Company, and Bartleet have recently signed a Memorandum of Understanding (MoU) in this regard. Pan Asia Bank has taken steps to introduce a special concessionary loan scheme focusing on directing farmers, introducing new technological water supply strategies and providing high-quality equipment.

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