Section 55: Other forms of Government aid to Co-operative societies. The Jammu and Kashmir Co-Operative Societies Act, 1989 Union territory Act of Jammu and Kashmir · Act 10 of 1989
Notwithstanding anything contained in any law for the time being in force the Government may,
(a) give loans or make advances to co-operative societies ;
(b) guarantee the repayment of principal and payment of interest on debentures issued by a co-operative society ;
(c) guarantee the repayment of share capital of a co-operative society and dividends thereon at such rates as may be specified by the Government ;
(d) guarantee the repayment of principal and payment of interest on loans and advances to a co-operative society ; and
(e) give financial assistance in any other form including subsidies, to any co-operative society.
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