Regional Development Department of Central Bank of Sri Lanka (CBSL) recently launched its newest loan scheme “Commercial Scale Dairy Development Loan Scheme (CSDDLS)” aiming at ensuring self sufficiency in milk and milk products in the country, as envisaged in the Mahinda Chinthana policy framework.
The ceremonial launching of this new Credit Scheme took place on August 29, 2013 at Salgastenna Dairy Farm at Indigolla, Nittambuwa with the participation of Minister of Economic Development, Mr. Basil Rajapaksa, as the Chief Guest. Central Bank Governor Mr. Ajith Nivard Cabraal and Secretary to the Ministry of Livestock and Rural Community Development, Mr. Kendaragama also attended this ceremony.
The dairy industry has a huge potential to grow rapidly contributing to the overall economic development creating thousands of direct and indirect employment opportunities with the infusion of fresh capital required to acquire new technology, machinery and high breed stock of mulching cows. Although dairy farming has been existed in Sri Lanka for thousands of years, the industry is capable of supplying only one third of country's requirement of milk products, says the Central Bank.