ECONOMYNEXT – Sarvodaya Development Finance Plc will receive a loan facility of 3 million dollars from EDFI Management Company, which is funded through the European Union.
“This loan facility aims at supporting the Company’s Agriculture Portfolio, especially the agricultural leasing product enabling farmers to access agricultural machinery such as tractors and harvesters at affordable rates and become owners via leasing scheme,” the company said in a stock exchange filing.
The company was responding to a story published in the Daily Mirror.
“As considered by EDFI, this investment rolls out the principle of the Global Gateway in Sri Lanka, which is Europe’s Strategy to better connect the world and to create the proper conditions for attractive investment opportunities.”
SDF shares were trading up at 14.00 on Monday. (Colombo/Apr29/2024)