Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsGeneral Loan Scheme
| 32. Subject to the rules of the Corporation, a loan not exceeding a sum equivalent to the total contributions lying to the credit of a member and one month's advance of basic salary, may be granted to a member of the Corporation after he has contributed to the funds of the Corporation for a period exceeding three months. Applications for such loans shall receive priority in the order in which they are received: Provided that the amount of any loan to be granted under this section to any member drawing a basic monthly salary exceeding rupees four hundred and fifty shall not exceed two-thirds of such salary. |