Crysbro, a major player in the country’s poultry industry recently spearheaded the development of a water irrigation system to strengthen and elevate farming practices in the Suriyapura and Helambayaya villages in the Kantale region, a company news release said.
Launched in association with the Department of Mahaweli Development and Environment and The Ministry of Irrigation, Crysbro’s latest initiative aims to alleviate rural poverty in these villages deeply affected by constant drought and the 30-year long civil war in Sri Lanka.
“The new irrigation system provides these two villages with a permanent source of water to nourish their farming practices all year long, allowing them to cultivate during both the Yala and Maha seasons; a previously unknown reality due to constant droughts,” the release said.
“Although the Mahaweli River flows past this region, villagers were unable to construct a small canal as close as four km away, which is the ideal location for a primary water source for their cultivations. While several attempts were made to inform political authorities regarding their critical requirement, none have proven to be successful.”
Commenting on the initiative, Chairman – Farmer’s Association of Kantale Helambayaya G.G. Bandula, “Although our farmers have made numerous attempts to cultivate during the Yala and Maha seasons after the war, we were not successful due to insufficient access to a reliable water source. Due to the unpredictable nature of rains in the region, we have long suffered from constant droughts for most part of the year.
“The answer to this predicament was a permanent water source in the form of a canal dug just 4 km away from the villages that is fed by the Mahaweli River. We took various measures to make this project a success, but in the end, it was with Crysbro’s vision that we were able to make our long – cherished dream a reality.”
“The new canal was built upon the fervent request of the Helambayaya Farmer’s Association, and was given technical support and approval by the department of Mahaweli Development and Ministry of Irrigation. Crysbro also provided state-of-the-art excavating machinery and earth moving equipment free of charge, towards the success of this project” Crysboro said.
“As a fully home-grown company, Crysbro has always been at the forefront of spearheading initiatives that uplift the rural population and alleviate rural poverty. Over the years, our initiatives have made a significant contribution to elevate agricultural infrastructure in the country as well as to create new entrepreneurs within these communities thereby bringing employment opportunities and a steady source of income for a large number of families. In many areas in Kantale too which was a region deeply impacted by the Civil War, we managed to embolden and elevate the living standards of communities by offering entrepreneurship opportunities and improving their agricultural infrastructure to conduct cultivation operations better and faster,” Crysbro Senior Marketing Manager, Amores Sellar said.
CBSL and IFC launch National Financial Inclusion Strategy
Sri Lanka’s first National Financial Inclusion Strategy (NFIS) aunched recently, aims to make financial services more accessible, efficient, and affordable for all households and businesses in the country.
The NFIS is a joint effort led by the Central Bank of Sri Lanka—with technical and financial assistance from IFC, a member of the World Bank Group—under the IFC-DFAT Women in Work program. The development of this strategy was a multi-stakeholder effort supported by the government of Sri Lanka.
“The National Financial Inclusion Strategy symbolizes our country’s commitment towards a better and inclusive Sri Lanka that will benefit all individuals and enterprises. I believe this strategy will complement the Government’s efforts to minimize the provincial income disparities, urban-rural inequalities, and to promote inclusive growth,” said Mahinda Rajapaksa, Prime Minister of Sri Lanka.
“More importantly, this strategy prioritizes future generations, having identified financial literacy as a key pillar. The proposal to strengthen the national curriculum in this area is a positive step. Investing in the education of our younger generation is the most significant investment we can make as a nation, as this will be a particularly helpful approach to the systematic correction of the financial habits of Sri Lankans,” the Prime Minister said.
HNB – Havelock City partnership offers exclusive Ezy Pay Home Loans facility
HNB PLC has partnered with Havelock City mixed-use development project to offer prospective homeowners of state-ofthe-art luxury apartments in Stratford and Melford Towers (Phase 3 – COC certified) and Peterson and Edmonton Towers (Phase 4) with the exclusive Ezy Pay Home Loans facility.
The partnership is set to offer customers the unprecedented opportunity to make a payment of only 20% and immediately occupy the limited units available in Phase 3 of the project or invest in apartments available in Phase 4, scheduled to be completed by May 2021. Further, Havelock City will take on the customer’s interest payment for one year.
“We have witnessed an increase in the demand for apartments and are aware that there is a limited stock of units available in the heart of Colombo. Therefore, we hope that this partnership with Havelock City will offer our customers looking to invest in a home of their own the facility to either move into an apartment immediately or invest in a home of their dreams,” HNB Head of Personal Financial Services, Kanchana Karunagama said.
Prospective homeowners can make use the bank’s flexible repayment options, such as the Step-up facility, which offers a repayment option in line with the customers evolving income. Customers can also obtain a maximum repayment period of 25 years for the loan facility for an attractive interest rate starting from just 7%.
DPL lends a hand to children in Monaragala Rubber Farming Communities
As part of its ongoing efforts to empower and uplift the livelihood of its farmer co-operative societies, Dipped Products PLC (DPL) distributed school bags to the children of 1,500 smallholder rubber farmers for the 10th consecutive year, under its flagship Firstlight CSR project.
This year’s distribution recorded the largest donation of school bags, which was nearly a two-fold increase from the previous year, bringing the total value of the distribution up to nearly Rs. 1 million.
Taking place at the Pinwatta Bodimalu Viharaya in Medagama, Monaragala, this latest distribution marks the Company’s continued efforts to support the smallholder rubber farming communities, by ensuring that their essential needs are looked after.
“Especially in this time of economic uncertainty, with the nation facing significant challenges and hardships, it is truly touching to see the positive impact which we continue to have on the underprivileged smallholder rubber farming communities. We believe that programmes like Firstlight hold the key to enhancing the livelihoods of our 1500-strong rubber farmers, providing them with an improved quality of life, whilst paving the way to open up new opportunities and a brighter future. This is why, with the enthusiastic response we have received over the years, we have now also expanded this school bag distribution to include the District of Kegalle,” Dipped Products Deputy Managing Director, Pushpika Janadheera said.
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