28. Functions of divineguma community based banks

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

The functions of the divineguma community based banks shall be :–

(a)

to motivate divineguma beneficiaries to save;

(b)

to provide loans to divineguma beneficiaries at individual and group levels;

(c)

to educate divineguma beneficiaries on financial management;

(d)

to ensure welfare of the depositors and members of their families;

(e)

to develop a banking culture among its customers;

and

(f)

to distribute such subsidies as may be provided by the government.

Part VII

Divineguma Community Based Banking Societies

Part VIII

Part IX

Part X