Banks to allocate 10 p.c. of lending portfolio to agriculture
The Central Bank's decision requesting commercial banks to dedicate 10 per cent of their lending portfolio to agriculture would have far reaching benefits to the economy, Deputy Government Central Bank Dr. Uthum Herath said. Herath said such a decision has not been taken before. "Though over 30 per cent of the public is engaged in agriculture banks were not giving preferential treatment when it comes to borrowing.