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State banks’ billions for Wimal’s million houses
View(s):Housing and Construction Minister Wimal Weerawansa has got the country’s five state-owned banks to cough up more than Rs. 4.2 billion for the Government’s programme to build one million houses.
The banks are People’s Bank (Rs. 1,200 million), Bank of Ceylon (Rs. 1,200 million), National Savings Bank (Rs. 1,200 million), Housing Development Finance Corporation (Rs. 500 million) and State Mortgage and Investment Bank (Rs. 150 million). The total works out to Rs. 4,250 million.
The Minister of Construction, Engineering Services, Housing and Common Amenities has told his ministerial colleagues that at a conference chaired by the Deputy Secretary to the Treasury, these state banks had agreed to make this contribution over the years. He has said that the programme will largely benefit low income earning groups.
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