People’s Leasing and DIMO Partner to Support Sri Lankan Agriculture

People’s Leasing & Finance PLC has partnered with leading diversified conglomerate DIMO to introduce a dedicated finance scheme designed to support Sri Lanka’s agricultural sector. The PLC/DIMO Lease Promotion, which will run for two years, offers flexible and accessible financing for Mahindra and Swaraj tractors, Lovol and CLASS brand harvesters, and a range of other agricultural machinery imported and sold by DIMO. This collaboration is set to provide farmers and agribusiness owners with tailored financial solutions that ease the burden of acquiring essential equipment.

With the upcoming cultivation season in focus, the two companies plan to work closely to promote the scheme, engaging directly with potential customers in key agricultural districts. Through a series of on-ground joint initiatives, farmers will be able to explore financing options that align with their income patterns and operational needs. People’s Leasing and Finance PLC is also offering special interest rates on leases and loans throughout the tie-up period, along with a minimal down payment requirement.

Customers can opt for fixed or floating interest rates based on their preference, while lease terms can be extended up to seven years for even greater financial flexibility. The scheme also includes the option to spread insurance premium payments over 12 months, access an island-wide branch network for convenient transactions, and enjoy additional benefits via the PLC Touch app and PLC Debit Card. Customers who finance their purchases under this programme will also receive exclusive rates on People’s Insurance motor insurance packages, featuring added conveniences such as the Call & Go facility, as well as a co-branded credit card from People’s Bank with the first-year fee waived.

DIMO brings additional value to the partnership by offering an extended four-year warranty on Mahindra and Swaraj tractors, and a one-year warranty on Lovol and CLASS harvesters. Customers will also receive a free Farmer Kit and oil filters at the time of purchase, along with three free services, helping to ensure that equipment performs at peak efficiency for longer.

Commenting on the initiative, Sanjeewa Bandaranayake – CEO of People’s Leasing & Finance PLC said, “Agriculture has always been a cornerstone of Sri Lanka’s economy, and supporting those who sustain this sector is a priority for us. Through this partnership with DIMO, we are making modern farming equipment more accessible while offering financial solutions that are flexible and tailored to farmers’ needs. Our goal is to empower agricultural communities and ease the financial burdens of this hardworking demographic, ensuring they have the resources needed to thrive.”

With both People’s Leasing & Finance PLC and DIMO committed to supporting growth in the sector, this partnership is set to offer Sri Lankan farmers a seamless pathway to acquiring high-quality agricultural machinery, backed by the reliability and support of two trusted brands that are household names. This support to promote agricultural mechanisation is expected to drive broad positive impacts on productivity and yields in the following years.

Sharing MOU from left Group MD and CEO (DIMO) Mr. Gahanath Pandithage, Chief Operating Officer (PLC)  Mr. Udesh Gunawardena

The signing of the agreement was represented by Group MD and CEO (DIMO) Mr. Gahanath Pandithage, Executive director and COO Mr.Rajeev Pandithage and team DIMO, COO (PLC)  Mr. Udesh Gunawardena, DGM- Operations Mr. Ranil Perera and team PLC