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Pursuit of development:
Banking sector shoulder responsibilities
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The National Housing Development Authority (NHDA) and the
People’s Bank signed an agreement to implement Sevana Saviya
housing program in the presence of Construction, Engineering
Services, Housing and Common Amenities Minister Wimal
Weerawansa and Deputy Minister Lasantha Alagiyawanna.
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The banking sector of the country is entrusted with many
responsibilities in implementing development programs, Construction,
Engineering Services, Housing and Common Amenities Minister Wimal
Weerawansa said.
The State Banks play an appreciative role in social uplift. He said
the People's Bank will bear social responsibility by constructing houses
for low income earners of the country.
Wimal Weerawansa made these observations after signing an agreement
between the National Housing Development Authority (NHDA) and the
People's Bank to implement proposed joint program of Sevana Saviya to
provide housing loans valued Rs 200 million, held at the Ministry
auditorium Wednesday.
The NHDA will implement Sevana Saviya with the People's Bank and
other institutions in 2011, parallel to the proposed 1 million housing
and settlement program. The People's Bank will provide Rs 200 million
for the NHDA under the first phase of the program. The NHDA will provide
housing loans from Rs 200,000 to Rs 300,000 for each recipient of
homeless families. |
