Public Provident Fund Act : GRANT OF LOANS Indian Bare Acts :

Public Provident Fund Act,1968

Act No : 23

Section : GRANT OF LOANS

SECTION 07: GRANT OF LOANS

A subscriber may be granted loans out of the amount standing to his credit in the Fund on such terms and conditions as may be specified in the Scheme and where the subscriber is a minor, such loans shall be granted to his guardian only for the use of the minor.