Siyapatha Finance partners DIMO Agribusinesses for agriculture mechanization drive

Siyapatha Finance PLC, a fully owned subsidiary of Sampath Bank PLC, recently signed a Memorandum of Understanding (MoU) with DIMO Agribusinesses, the agriculture arm of DIMO, one of the leading conglomerates in Sri Lanka, to provide exclusive leasing solutions for the consumers of DIMO Agri Machinery with an objective to uplift the local agriculture sector.

Understanding the importance of the agricultural sector to the Sri Lankan economy, Siyapatha Finance initiated this facility for the convenience of agricultural entrepreneurs via its “Agri Lease Programme”. This agreement offers exclusive leasing packages with the lowest interest rates to customers who wish to purchase DIMO Agri Machinery including Tractors and Combine Harvesters. Siyapatha Finance PLC’s “Agri Lease Programme” offers lower instalment payments, flexible repayment facilities on a monthly or seasonal basis and hassle-free quick approvals with minimal document requirements. These low instalment payments and flexible repayment facilities have been implemented to ease the financial repayment burdens on farmers.

DIMO Agribusinesses is also prepared to offer a host of benefits exclusively to Siyapatha Finance PLC customers inclusive of but not limited to special discounts, free registration, a free farmer’s kit, and an oil filter with three free vehicle services, in addition to free GPS devices for selected models. These exclusive benefits provide easy access for agriculture machinery to accelerate agriculture mechanization in the country.

Addressing the MoU signing participants, Ananda Seneviratne – Managing Director of Siyapatha Finance PLC, expressed his thoughts saying, “Our customers have always been our utmost priority and we have taken it upon ourselves to enhance convenient financial solutions for the agricultural industry. Our country relies greatly on the agricultural sector and many farmers find it difficult to access, invest in and upgrade their machinery owing to a multitude of difficulties they are faced with in the process.

Through the MoU signed with DIMO Agribusinesses we hope to encourage farmers to proceed and develop their operations. This is an ideal strategic partnership that provides customers with the best possible opportunities and options. The customized leasing plans of Siyapatha Finance PLC coupled with the unparalleled reliability of DIMO Agribusinesses, ensures that the customers are guaranteed a convenient, customized and an all-encompassing solution.”

Rajeev Pandithage – Chief Operating Officer of DIMO stated, “Partnerships of this nature will enable us to equip the local agriculture sector with modern technology that enhance the productivity while fuelling dreams and aspirations of the famer community in the country. As the sole distributor of the world-renowned Agriculture machinery brands such as Mahindra Tractors and CLAAS harvesters in Sri Lanka, we hope to complement our range with a multitude of services, providing the optimal experience to our customers.”

The exclusive advantages offered through this partnership guarantee to make this leasing scheme from Siyapatha Finance PLC, one of the most promising schemes for those in the agricultural sector, benefiting stakeholders of both Siyapatha Finance PLC and DIMO Agribusinesses.