A proposal to provide interest-free loans for private university education will be submitted to the Cabinet next week, acting Finance Minister Ranjith Siyambalapitiya said.
While addressing a meeting in Ruwanwella he said the proposal on the interest-free loan to be granted annually to five thousand students who have failed to gain the opportunity to enter government universities despite passing the advanced level examination, will be submitted to the Cabinet next week.
An interest-free loan amounting to Rs.900,000 will be available for studies under this loan scheme.
An amount of Rs.300,000 will also available for daily expenses. After the completion of studies, another two years will be available to repay this loan without interest.
Interest-free loan for private university education
A proposal to provide interest-free loans for private university education will be submitted to the Cabinet next week, acting Finance Minister Ranjith Siyambalapitiya said.
While addressing a meeting in Ruwanwella he said the proposal on the interest-free loan to be granted annually to five thousand students who have failed to gain the opportunity to enter government universities despite passing the advanced level examination, will be submitted to the Cabinet next week.
An interest-free loan amounting to Rs.900,000 will be available for studies under this loan scheme.
An amount of Rs.300,000 will also available for daily expenses. After the completion of studies, another two years will be available to repay this loan without interest.