The Sri
Lankan government is taking measures to provide loans and financial assistance
to the university students entering the universities for higher
education.
Minister of
Higher Education S.B. Dissanayeke states that loan facilities for students
receiving higher education would be provided in future without placing property
or persons as guarantee.
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 and professional courses.
Also they
face numerous difficulties in obtaining bank Loans for their higher educational
needs.
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 mandatory required to pay
back the loans through their prospective employers from their monthly salaries.
Speaking
during a media briefing held today (February 14)Minister S B Dissanayeke said
that a new bill called Human Capital Development Finance in this regard would
be presented before parliament during the course of the next month.
