Cabinet approval has been granted to implement a housing programme for overseas employees
Cabinet Spokesman Mass Media Minister Dr Bandula Gunawardena today said that Sri Lanka Foreign Employment Bureau in collaboration with the National Housing Development Authority and the licensed banks has planned to implement a housing program for overseas employees.
He was speaking at the weekly cabinet media briefing held yesterday at the Government Information Department.
Accordingly it is expected to grant a maximum of Rs10 million as a loan grant, and contribute a portion of its loan interest amount by Sri Lanka Foreign Employment Bureau. The loan amount obtained under the proposed loan scheme, should be paid by foreign exchange remitted through legitimate channels within the period the loan receiver is engaged in an overseas employment and payments would be made in Sri Lankan rupees once the foreign employment is completed and returned to this country.
