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 Date: 2025-03-17   Answered 

0510/2025: SANASA DEVELOPMENT BANK: "UTHTHAMACHARA" LOAN SCHEME

510/2025

Hon. Major General (Rtd.) G.D. Sooriyabandara,—To ask the Minister of Finance, Planning and Economic Development,— (1)

(a) Will he state —

(i) whether the SANASA Development Bank is subject to the regulation of the Central Bank of Sri Lanka;

(ii) whether the SANASA Development Bank has introduced a loan scheme called "Utthamachara" for retired military officers;

(iii) of the number of persons to whom loans have been issued so far under the loan scheme concerned and the total amount issued as loans as aforesaid;

(iv) of the number of persons to whom loans have been issued from year 2020 to 2024 and the total amount of the loans so issued;

(v) of the percentage of the pension taken into account in granting the loans; and

(vi) of the minimum and the maximum repayment periods of the loans?

(b) Will he also state —

(i) whether he is aware that the recipients of loans have had to pay a grater amount of interest than the amount of loan as a result of extending the loan recovery period during the Covid-19 pandemic;

(ii) whether he is aware that the said extension has been given at the discretion of the Bank;

(iii) whether banks can give such an extension at its discretion; and

(iv) whether justice will be accorded to the persons who have been aggrieved by this measure?

(c) If not, why?

Asked Date

2025-03-17

Asked by

Hon. Major General (Rtd.) G.D. Sooriyabandara, M.P.

Ministry

Finance, Planning and Economic Development

Legislature

Tenth Parliament of the D.S.R. of Sri Lanka

Session

First Session

Question History

Answer

The answer is given in sinhala language.

Answered Date

2025-03-17

Answered by

Hon. (Dr.) Harshana Suriyapperuma, M.P.





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