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University Grants Commission - Sri Lanka

Commission Circular No: 783

29 August, 2001.

 

Vice-Chancellors of Universities,
Rectors of Campuses,
Directors of Institutes.

 

PAYMENT OF LOANS TO EMPLOYEEs FOR THE PURCHASE OF COMPUTERS


1. THe University Grants Commission at its 593rd meeting held on 27th July 2001 decided that all permanent employees of the University system are eligible to obtain a loan of Rs.30,000/- to purchase a computer.

2. The conditions governing the payment of computer loan scheme are as follows.

(1) The amount of the loan shall be the all inclusive purchase price of any computer of the applicant's choice or Rs 30,000/- whichever is lower.

(2) The loan is recoverable in 60 equal monthly installments.

(3) Interest on the loan shall be 4.2% p.a.

(4)The computer must be purchased outright and not on hire purchase basis. No part of the loan should be utilized for any other purpose other than for the purchase of a computer. Documentary evidence should be sumitted in support of the purchase. If documents are not submitted within a month, the loan should be recovered in double instalments.

(5)A fresh loan should be granted only after the first loan is settled in full or after five years from the first loan, whichever occurs later.

(6)Defaulters are entitled for another loan only after a period of 5 years from the date of the first loan. This concession should be given only once.

(7)Defaulters for the second time will foreit their rights to computer loans.

(8)Security for the loan, agreements to be signed, deduction limits from salary etc. will be the same as for those applicable to other loans from the university.

Any additional funds will not be provided by the UGC for implementation of this circular.

This circular will be effected from 1st September 2001 and all earlier circulars issued on this matter are rescined herewith.

(Prof. B.R.R.N Mendis- Chairman)

Cc:

  • Chairman/UGC
  • Vice-Chairman/UGC
  • Members of the UGC
  • Secretary/UGC
  • Deans of Faculties
  • Registrars of Universites
  • Ffinancial Controller/UGC
  • Bursars of Universities
  • Librarians/SAL/AL of the Higher Educational Institutions/Institutes ;
  • Snr. Asst.Registrars/Asst.Registrars of HEIs/Campuses
  • Snr. Asst.Bursars/Asst.Bursars of HEIs/Campuses
  • Chief Internal Auditor/UGC
  • Govt. Audit Superintendents of Universities
  • Snr. Asst.Int. Auditors/Asst.Int.Auditors of HEIs
  • Secretaries of Trade Unions
  • Auditor-General

File No. UGC/HR/2/3/47

 

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