(1) The Government may, from time to time, by notification in the Gazette, make rules for carrying out the purposes of this Part.
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(2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely:—
(a) the manner of making applications for loans;
(b) the manner of conducting inquiries relating to applications for loans, and the powers to be exercised by officers conducting those inquiries;
(c) the nature of the security to be taken for the due application and repayment of the money, the rate of interest at which, and the conditions under which, loans may be granted and the manner and time of granting loans:
Provided that the rate of interest shall not be less than three per cent nor more than five per cent per annum;
(d) the inspection of works for which loans have been granted;
(e) the instalments by which, and the mode in which, loans, the interest to be charged on them and the costs incurred in the making thereof, shall be paid;
(f) the manner of keeping and auditing the accounts of the expenditure of loans and of the payments made in respect of the same; and
(g) all other matters pertaining to the working of this part.
(3) All rules made under this section shall be laid for not less than fourteen days before the Legislative Assembly as soon as possible after they are made, and shall be subject to such modifications, whether by way of repeal or amendment, as the Legislative Assembly may make during the session in which they are so laid or the session immediately following.
PART III LOANS FOR THE RELIEF OF DISTRESS, PURCHASE OF SEED, CATTLE, ETC.