Low interest housing loans for Govt servants

Hemanthi GURUGE

The National Housing Development Authority (NHDA), will allocate Rs 4,500 million to be given as housing loans for Government employees this year, Construction, Engineering Services, Housing and Common Amenities Minister Wimal Weerawansa said.

The Minister was speaking at a ceremony to grant housing loans to Government employees under the Janasevana Government Servant Housing Loan Schem yesterday. The President liberated the country from terrorism and the time has come to fullfil the people's housing needs, the Minister said.

The NHDA together with State Banks would provide housing loan facilities at a very low interest for Government employees to build their houses.

Obstacles faced by the people in obtaining loans from commercial banks would be eliminated with the implementation of this program, Weerawansa said.

Loans up to Rs 500,000 could be obtained by Government employees to construct or repair a house under this program. The interest rate of the loan is low.

The Minister requested those who received the loan to pay the instalments regularly.

At least 1000 public servants in the Western province obtained housing loans on this occasion and total value of loans were over Rs 200 million.

Secretary to the Minister, Gotabhaya Jayaratne and NHDA Chairman Jayantha Samaraweera also addressed the event.