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Message: <blockquote data-quote="warwickuni" data-source="post: 22562743" data-attributes="member: 101444">This is no longer available . MR and PBJayasudara outsourced it to state Banks and they were asked to subsidise it , on the promise that Treasury will reimburse . But after some time Treasury did not reimburse and Loan Stopped. Now State Banks have their own loan schemes but this is not the earlier one which was given at 4% P.A on reducing balance and the amount was 5 times your annual basic salary(less allowances) . It can be for purchase of land or build a house or such other thing and this is allowed only once in your career. The loan installments were determined till 55 subject to 40% of basic salary. If there is any amount outstanding at the time of retirement it will be deducted from the commuted pension(this again not available- MR and PBJ had done enormous harm to govt servants by removing this privileges but all govt servants were silent at that time(even now). Neither JVP nor UNP or any trade union voiced these were proposed in respective budget proposals at that time. If you have a doubt please clarify from a senior office of Treasury .When the loan was given under the earlier scheme the deed of the land needed to be deposited and no transfer or sale could be done without consent of the head of dept.When the banks granted the loan for a short time under MR-PBJ scheme the state banks, I believe they  got a mortgage over the property.(not sure as it lasted only for a short time)Now 5 year loan for govt servants is abolished by MR-PBJ and present govt or MPs are not even aware of these injustices done by MR=Wimal_- Gepila and JO.</blockquote>

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