National Bank for Agriculture and Rural Development Act : Loans to State Governments for share capital

National Bank for Agriculture and Rural Development Act,1981

Act No : 61

Section : Loans to State Governments for share capital contribution.

27. Loans to State Governments for share capital contribution.- The National Bank may make loans and advances to State Governments, repayable on the expiry of fixed periods not exceeding twenty years from the date of making such loans and advances, from the National Rural Credit (Long Term Operations) Fund established under section 42 for enabling them to subscribe directly or indirectly to the share capital of a co-operative credit society.