70 senior and 30 junior sailors granted interest free loans
Sri Lanka Navy granted an interest free loan worth Rs. 500,000 each to 70 senior sailors and Rs. 200,000 each to 30 junior sailors today (24 th December 2020). The occasion to hand over cheques to the beneficiaries was presided over by Commander of the Navy, Vice Admiral Nishantha Ulugetenne at the Navy Headquarters.
This welfare initiative was first mooted to recognize the contributions of long serving senior sailors and 3394 senior ratings have been granted interest free loans till date. Further, extending this financial grant for the junior ratings first began with effect from September this year and 30 junior sailors were selected for the loan to be granted this time by Naval Benefit Foundation. Meanwhile, the Navy is determined to grant this financial support to yet another 1964 senior sailors and 27 junior sailors in time to come.