The Hon. Major General (Rtd.) G.D. Sooriyabandara
Major General (Rtd.) G.D. Sooriyabandara asked the Minister of Finance, Planning and Economic Development for details on SANASA Development Bank’s “Uththamachara” loan scheme for retired military officers, including Central Bank regulation, disbursement figures, pension-based lending criteria, and repayment periods. He also sought clarification on COVID-19-related recovery extensions, whether they led to interest payments exceeding the principal, whether such extensions were made at the Bank’s discretion, and what steps would be taken to ensure fairness for affected borrowers.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 SANASA Development Bank: “Uththamachara” Loan Scheme
¶ 02 Question No. 510/2025 to the Minister of Finance, Planning and Economic Development:
¶ 03 (a) Will he state— (i) whether the SANASA Development Bank is subject to regulation by the Central Bank of Sri Lanka; (ii) whether it has introduced a loan scheme called “Uththamachara” for retired military officers; (iii) the number of persons and total amount issued so far under this scheme; (iv) the number of persons and total amount issued from 2020 to 2024; (v) the percentage of pension considered in granting loans; and (vi) the minimum and maximum repayment periods?
¶ 04 (b) Will he also state— (i) whether he is aware that, due to extensions of recovery during COVID-19, recipients had to pay interest exceeding the principal; (ii) whether he is aware such extension was at the Bank’s discretion; (iii) whether such extensions can be at the Bank’s discretion; and (iv) whether justice will be ensured to affected persons?
¶ 05 (c) If not, why?
Provenance
- Source
- Hansard, Monday, 17 March 2025 ·No. 1745486934006324 ·English daily/uncorrected Hansard
- Page · column
- not yet extracted — page/column anchors are not in the current dataset; the source PDF is the citable location.
- Permalink
/lk/speeches/12685
Cite as: The Hon. Major General (Rtd.) G.D. Sooriyabandara. 10th Parliament, Parliament of Sri Lanka. Hansard, 17 March 2025. No. 1745486934006324. Politick, https://staging.politick.io/lk/speeches/12685