📈 BOC Launches Sri Lanka’s First Dedicated Agri Banking Unit

Bank of Ceylon (BOC) has officially inaugurated a specialized Agri Banking Unit, a first-of-its-kind initiative in Sri Lanka designed to modernize the agriculture sector and drive sustainable economic growth. • Strategic Focus: The unit targets key sub-sectors including crop cultivation, livestock, fisheries, horticulture, and agri-technology. It aims to transition small-scale farmers from subsistence to commercially viable enterprises. • Modernization & Tech: A core priority is the integration of smart agriculture, precision tools, and advanced irrigation to improve productivity and value addition for global market competitiveness. • Financial Instruments: • Introduction of the 'Agri-Power' fixed deposit scheme, allowing investors to channel funds specifically into the agribusiness ecosystem. • Provision of concessionary interest rates and flexible lending conditions for large-scale projects, processing, and export-oriented activities. • Impact: The initiative seeks to strengthen the national agricultural value chain, enhance food security, and empower rural economies through structured financial and advisory support.