Lankapage Logo Recent Top Stories
CP 12 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* New measure to provide financial aid for needy Sri Lankan university students
Fri, Apr 1, 2011, 10:28 am SL Time, ColomboPage News Desk, Sri Lanka.

Apr 01, Colombo: The Sri Lankan government is taking measures to provide financial assistance to the under-privileged students entering the universities for higher education.

The government says students entering universities from low income families currently receive financial assistance through University bursaries or through the Mahapola Scholarship Fund but those funds are inadequate for their academic activities.

Also they face numerous difficulties in obtaining bank Loans for their higher educational needs, the government adds.

To alleviate the problem, Minister of Higher Education S.B. Dissanayake has proposed a new act called Human Capital Development Finance Act to provide bank loans to the needy students.

Under the proposed measure, the students from low-income families could obtain loans from banks for their academic activities.

Once they are employed after graduation, the students are mandatorily required to pay back the loans through their prospective employers from their monthly salaries.

The Cabinet has granted approval to the Minister's proposal and instructed the Legal Draftsman to draft a Bill for the new Act.



ColomboPage - Recent 10 Stories
Russia, Sri Lanka resolve standoff over stranded research vessel in Colombo
-- [2 hours ago]
Sri Lankan Tamil activist's daughter released from probation
-- [3 hours ago]
Sri Lankan President's brother dies, funeral on Monday at Polonnaruwa
-- [4 hours ago]
Four Indian Navy ships arrive at Sri Lanka's Trincomalee Port on a training mission
India, Sri Lanka agree to extend ongoing project assisting war-affected women in East
Deputy FM denies China's claim that Sri Lanka agreed to resume port project
Suspected attacker of Sri Lankan President's brother remanded
Sri Lankan PM tours Tamil heartland in a reconciliation bid
Former chief of Sri Lanka Air Force questioned on controversial MIG aircraft deal
Fitch Affirms HSBC Sri Lanka Branch at 'AAA(lka)'; Outlook Stable

Copyright © 2000, 2010 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.