People’s Bank boosts education sector with special laptop loan scheme for teachers

As a result of the current global COVID-19 pandemic, Sri Lanka’s education sector cannot progress by relying only on traditional teaching methods. In order to overcome this challenge and with the aim of uplifting the education sector, People’s Bank has introduced a special loan scheme for teachers to purchase laptops/tablets/PCs so that they are able to carry out online education in an efficient manner.

Those eligible for this loan scheme include permanent teachers in Government schools, pirivenas and technical colleges, Government-approved private schools, as well as Buddhist monks involved in teaching. Loans of up to Rs. 120,000 can be obtained at a minimum interest rate of 9.5% per annum for a maximum repayment period of three years.

This loans scheme that has been introduced by People’s Bank to boost the education sector can be obtained through its islandwide branch network. Further information can be obtained from the nearest People’s Bank.