Sri Lanka Consolidated Acts

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]

Credit Councils Law (No. 23 of 1975) - Sect 6

Functions of Credit Councils

6. 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 members.


[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]