Sri Lanka Consolidated Acts

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Local Government Credit Councils Act (No. 33 of 1983) - Sect 9

Functions of Credit Council

9. The functions of Credit Councils shall be
(a) to grant loans to members ;
(b) to ensure that loans granted are limited to actual bona fide requirements of the members ;
(c) to ensure the recovery of loans granted ;
(d) to educate and assist members to live frugally and within their means ;
(e) to promote thrift and savings habits among members ;
(f) to assist in the implementation of such policies and programmes connected with Credit Councils and their functions as may be determined by the Minister; and
(g) to assist in the rehabilitation of indebted


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