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
