ComBank and Hayleys Agriculture partner to help farmers acquire modern technology

Tuesday, 22 July 2025 02:46 - - {{hitsCtrl.values.hits}}

Commercial Bank Deputy General Manager – Personal Banking S. Ganeshan (left) and Hayleys Agriculture Managing Director Jayanthi Dharmasena exchange the agreement in the presence of representatives of the two companies

The Commercial Bank of Ceylon has partnered with Hayleys Agriculture to offer customised leasing and loan facilities to farmers investing in high-quality agricultural machinery supplied by Hayleys Agriculture, in a move designed to strengthen Sri Lanka’s vital agriculture sector through affordable access to modern equipment.

Under this partnership, farmers purchasing tractors, harvesters, and other agricultural equipment from Hayleys Agriculture will be eligible for special Agri Leases and Diribala Green Development Loans from Commercial Bank. These facilities come with flexible repayment terms aligned with cropping cycles, preferential interest rates, and speedy processing, reducing the financial burden on farming communities while promoting mechanisation and productivity.

The initiative is expected to significantly ease the capital constraints faced by farmers, enabling them to upgrade from labour-intensive traditional methods to efficient, technology-driven practices. This in turn is anticipated to boost crop yields, reduce operational costs, and support food security objectives at both national and regional levels, the bank said.

Commercial Bank’s financing products offered under this partnership are available to both individual farmers and agribusinesses and cover a wide range of equipment categories marketed by Hayleys Agriculture – a pioneer and market leader in the agri-input and machinery segments in Sri Lanka.

Commenting on the partnership, Commercial Bank Deputy General Manager – Personal Banking S. Ganeshan said: “This collaboration with Hayleys Agriculture reflects our commitment to strengthening rural livelihoods and ensuring sustainability in the agriculture sector. We recognise that upgrading agricultural infrastructure is key to unlocking growth and resilience in this segment.”

Hayleys Agriculture Holdings Ltd., Managing Director Jayanthi Dharmasena noted: “Hayleys Agriculture has always sought to empower the farming community through innovation and access. By working with a trusted financial partner like Commercial Bank, we are making advanced mechanisation more accessible and affordable.”

The rationale for this initiative stems from the shared recognition by both entities that low mechanisation levels and limited credit access remain critical challenges for Sri Lanka’s farmers. By linking access to advanced technology with inclusive financing solutions, the program aims to uplift farming communities and foster a more competitive and sustainable agricultural landscape.

This collaboration also aligns with Commercial Bank’s broader sustainability agenda and Green Financing strategy, which prioritises investments that reduce environmental impact and promote responsible resource use.

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