ComBank goes east to Vavunathivu for 2nd Agri Modernisation Village program

Thursday, 22 May 2025 03:07 - - {{hitsCtrl.values.hits}}

Commercial Bank’s Vavunathivu Agri Modernisation Village program in progress

The Commercial Bank of Ceylon has chosen Vavunathivu in the Batticaloa District as its second ‘Agri Modernisation Village’ in Sri Lanka, following the success of the Bank’s pilot Agri Modernisation Village program in Mahilankadu in Kilinochchi.

Commercial Bank’s Agri Modernisation Village Program is an ambitious, village-by-village mission launched to propagate technology in the agriculture sector, encompassing all areas of agricultural potential in the country. It involves facilitating access to advanced techniques such as transplanting, drone application, and climate-resilient crop varieties that lead to increased productivity and profitability; skills development and training; financial inclusion and access to credit via direct engagement with the bank; improved livelihoods though better yields and access to new markets; sustainable practices that ensure the long-term viability of farmer lands; and community support and networking.

For the roll out of the program in Vavunathivu, the bank is partnering with the Faculty of Agriculture of the Eastern University of Sri Lanka and the Department of Agriculture of the Batticaloa District. The collaboration with academic and agricultural institutions to implement the program fosters a valuable knowledge-sharing environment, the bank said.

The initial phase of the Vavunathivu program was a training session on transplanting paddy seedlings using machinery. The event saw the participation of farmers from the area including members of the Vavunathivu Farmers Organisation, university students, officials and agriculture experts in the Batticaloa area.

Among the eminent personalities that attended the event were Batticaloa Government Agent Muraleetharan; Department of Agriculture Deputy Director M. Parameshwaran; Faculty of Agriculture of the Eastern University Senior Lecturer Dr T. Geretharan; Additional Director of Agriculture A. Gayathri; and Manmunai West Divisional Secretary N. Sathiyananthi. Commercial Bank’s senior representatives included the bank’s Regional Manager – Eastern Region T. Kajaruban and the Development Credit Department Manager W. T. C. Lasantha.

The bank said events of this nature are designed to bridge the gap between traditional farming methods and innovative technologies that promise to revolutionise the agricultural sector, and to enlighten and stimulate the next generation towards smart agricultural practices.

Commercial Bank is the biggest lender overall to Sri Lanka’s small and medium enterprises (SME) sector and the second biggest lender to the country’s agriculture sector.

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