Pan Asia Bank is extending its sustainable finance initiatives to Sri Lanka’s farming communities through its Sustainable Agricultural Lending Initiative – 2026, which helps small-scale farmers in the North Central Province access solar-powered irrigation facilities.
Launched in partnership with Our Movement of Lanka (OML), the initiative was highlighted at a customer outreach event held in Galenbindunuwewa, Anuradhapura, on September 11.
The event brought together farmers and community leaders to raise awareness of solar-powered irrigation technology and the financing options available through Pan Asia Bank. The initiative offers farmers an opportunity to reduce their reliance on fossil fuels while adopting a more sustainable and cost-effective approach to irrigation. It also aims to enhance agricultural productivity and advance the Bank’s broader efforts to promote financial inclusion within the agriculture sector.
“Farmers need financial solutions that respond to the realities of agriculture. Through this initiative, we are helping make solar-powered irrigation more accessible while supporting farmers to reduce costs, improve efficiency and build more sustainable livelihoods. Our partnership with OML enables us to take this opportunity directly to farming communities in the North Central Province,” said Naleen Edirisinghe, Director/CEO of Pan Asia Bank.
OML works with more than 5,000 active member farmers across the North Central Province, including those cultivating chilli, melon, brinjal, capsicum, tomato and cantaloupe. Through the partnership, Pan Asia Bank is addressing the financial barriers associated with agricultural lending by offering financing under concessionary terms and conditions, helping small-scale farmers gain access to solar-powered water pumps.
Pan Asia Bank Assistant General Manager – Branch Credit, Nimal Ratnayake, said the initiative aims to make sustainable irrigation technology more financially accessible to small-scale farmers.
“Our aim is to make sustainable irrigation solutions financially accessible to small-scale farmers. By providing financing on concessionary terms, we are helping farmers adopt solar-powered technology while improving the efficiency and sustainability of their farming operations,” he said.