3.
| (1) The object of the Loan Fund shall be to facilitate the grant of loans by banks specified under sub-section (2), to students of the following educational institutions: -
| | (a) all higher educational institutes established or deemed to have been established under the Higher Education Act, No. 20 of 1966; | | |
| | (b) the University established under the University of Ceylon Act, No. 1 of 1972; | | |
| | (c) the Ceylon College of Technology, Katubedda; and | | |
| | (d) any other higher educational institution, maintained by the Government and approved by the Minister for the purposes of this sub-section. | | |
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| (2) The Minister may, by Notification published in the Gazette, specify any bank for the purposes of this Act. Any bank so specified is hereafter in this Act referred to as a " specified bank ". |
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| (3) Each of the educational institutions referred to in paragraphs (a), (b), (c) and (d) of sub-section (1) is hereafter in this Act referred to as an " approved institution ". |
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Sri Lanka Consolidated Acts