Government approves housing programme for Sri Lankan overseas employees

13 February 2024 12:39 pm Views - {{hitsCtrl.values.hits}} 9 Bookmark

CHATURANGA PRADEEP SAMARAWICKRAMA Follow

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Colombo, Feb 13 (Daily Mirror) - Cabinet approval was granted today to implement a housing programme for overseas employees.

The programme has been implemented by the Sri Lanka Bureau of Foreign Employment (SLBFE) in collaboration with the National Housing Development Authority (NHDA) and licensed banks.

A maximum of Rs. 10 million is reportedly to be granted as a loan and a portion of this loan interest to be paid to the SLBFE.

The loan amount obtained under the proposed scheme should be paid by foreign exchange remitted through legitimate channels within the period that the receiver of the loan is engaged in overseas employment, and payments to be made in Sri Lankan rupees once the foreign employment is completed and the borrower returns to this country.

Accordingly, the Cabinet has approved the proposal by the Labour and Foreign Employment Minister to implement the proposed housing programme.

Comments - 9

Nirmal Silva Tuesday, 13 February 2024 01:04 PM

Goood trap...

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Usama Tuesday, 13 February 2024 01:14 PM

This is a giant trap to tag the overseas currency from going out to black market, guys dont get cought

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Sokrates Tuesday, 13 February 2024 02:44 PM

Don't fall for this fraudulent offer. Better to save your hard-earned dollars in a foreign account than transfer the dollars to a Sri Lankan bank at a far undervalued rate. The central bank cannot always manipulate the exchange rate downwards. Otherwise, there are plenty of options to exchange your dollars for their true value.

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Terrence K Tuesday, 13 February 2024 04:14 PM

Are the houses going to be like estate lines in some remote place under squalid conditions. The employees working in foreign countries will never part with their foreign exchange as they very well know that this government are adopting strategies to hoodwink this segment who have toiled hard in other countries and the parasites living in this country are trying to grab in a legitimate way the foreign currency. Instead compensate these employees for the yeoman service done to this country by making an offer of giving houses on a monthly rental basis for a certain period and thereafter ensure these employees own these houses!!!!!!!!

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Kalani Sinhapala Tuesday, 13 February 2024 04:17 PM

Kaalakanniyo - give some food and medicine to people of Sri Lanka! Why are you sitting nowhere without brains like Myna!

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Pullma Dingalinga Tuesday, 13 February 2024 07:01 PM

Any time Bandula Gunawardenas’ name appears; you can be sure some scam is about to evolve.

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Pullma Dingalinga Tuesday, 13 February 2024 07:01 PM

Any time Bandula Gunawardenas’ name appears; you can be sure some scam is about to evolve.

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Karen Tuesday, 13 February 2024 07:41 PM

Employees working abroad can obtain loans from local banks and build their own houses. Not necessary they should go through the corrupt Housing authority of the government. The project will get undue delay and the quality also is questionable.

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Tissa Fernando Tuesday, 13 February 2024 09:01 PM

Are they going to build match box houses and sell at 100% profit ?

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