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University Grants Commission - Sri Lanka

Commission Circular No: 738

02nd September, 1998.

 

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

 

INTEREST ON LOANS TO UNIVERSITY EMPLOYEES

Cabinet approval has been granted to reduce the rate of interest to 4.2% p.a on loans given to employees of the University sector. Accordingly, an interest rate of 4.2% p.a. should be charged with effect from 1st September 1998, on all loans which are given at 10% p.a. at present.

Please take action accordingly.



(Prof. S. Tilakaratna- Chairman )

Cc:

  • Chairman/UGC
  • Vice-Chairman/UGC
  • Members of the UGC
  • Secretary/UGC
  • Deans of Faculties
  • Registrars of Universites
  • Financial 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

 

 

 

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