Sarvodaya Development Finance and DIMO boost agriculture with Mahindra & Mahindra tractor offer

Wednesday, 18 September 2019 00:00 -     - {{hitsCtrl.values.hits}}

Sarvodaya Development Finance Chief Executive Officer Nilantha Jayanetti and SDF team (left) with Diesel & Motor Engineering Co. Group Chief Executive Officer Gahanath Pandithage and the DIMO team (right) 

Sarvodaya Development Finance (SDF), a licensed Finance Company approved by the Central Bank of Sri Lanka, has entered into a partnership with Diesel & Motor Engineering PLC (DIMO) for financing of all Mahindra & Mahindra tractors imported and sold by the automotive giant. 

With the recent signing of the MOU by representatives of both companies, SDF will become the preferred financial partner for the Mahindra & Mahindra tractors leasing promotion, which will continue till 30 November.

SDF will provide a unique set of benefits to all new Mahindra & Mahindra tractor customers who purchase under this scheme. SDF is offering an attractive down payment from the total tractor value during the ‘Maha’ season. The drive away price of a Mahindra & Mahindra 2WD Tractor, based on the credit evaluation conducted by SDF, will be affordable for any farmer/customer. The company is also offering special interest rates as well as a free Innovex Semi-Automatic 6.5kg washing machine to all customers. 

In addition to this, DIMO will provide all Mahindra & Mahindra tractor customers with a host of special benefits including a comprehensive two-year warranty for their brand new tractors, free insurance, free front tyre set for all Yuvo 4*4 tractors, free Farmer KIT and Oil Filters as well as three free services. 

All Mahindra & Mahindra Tractors available under this scheme will be displayed at SDF branches during this period for the convenience of potential customers. Additionally, any old tractor can be traded in for a brand new Mahindra & Mahindra tractor, subject to terms and conditions.

Sarvodaya Development Finance CEO Nilantha Jayanetti stated: “Sarvodaya Finance is proud to partner with DIMO, one of Sri Lanka’s premier automotive companies, to offer this exciting leasing promotion for Mahindra & Mahindra tractors. We are always looking at ways to give our valued customers new, exciting offers. With agriculture being such an important part of the Sri Lankan economy, it is important that we provide the opportunity for those in the industry to gain access to the modern, world-class equipment at an affordable cost so that they can utilise their new purchases to increase their efficiencies and output. With a wide range of benefits from both SDF and DIMO, I am sure the customers will find this a very attractive offer.” 

Sarvodaya Development Finance (SDF) is the development finance arm of the Sarvodaya Movement, one of Sri Lanka’s largest and most respected not-for-profit organisations. Sarvodaya Movement is a leading people’s organisation in Sri Lanka with a history of 60 years’ operating in more than 5,000 villages currently in the country. 

Guided by the principles of the Sarvodaya Movement, which is based on the value of empowering rural and village communities, SDF has nearly 30 years of committed history in providing development finance services across Sri Lanka, serving through 30 branches and 21 service centres. While remaining in development finance, SDF has now expanded into SME business, leasing and other ancillary finance businesses.