Section 19: Subventions and loans to Board.

The Maharashtra Khadi and Village Industries Act.State Act of Maharashtra · Act 19 of 1960

(1) The State Government may, from time to time, make subventions and grants to [the Board] for the purposes of this Act on such terms and conditions as the State Government may determine in each case.

(2) [The Board] may, from time to time, with the previous sanction of the State Government and subject to the provisions of this Act and such conditions as the State Government may determine, borrow any sum required for the purposes of this Act :

[Provided that, no such previous sanction shall be necessary where the sum (not exceeding [one crore of rupees]) is to be borrowed from the Commission and is required-

(a) for the purpose of implementing any khadi or village industries scheme, or

(b) for advancing by way of loan to any Individual, body or association or institution whether incorporated or not, for implementing any such scheme.]

Where this provision sits

Act	The Maharashtra Khadi and Village Industries Act.
Section	19
Marginal note	Subventions and loans to Board.
Jurisdiction	State of Maharashtra
Status	In force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

substituted, Mah. 28 of 1965. These words were substituted for the words "A Board" by Mah. 28 of 1965, s. 22 and 23(a).
substituted, Mah. 28 of 1965. These words were substituted for the words "A Board" by Mah. 28 of 1965, s. 23(b)(i).
added, Mah. 28 of 1965. This proviso was added by Mah. 28 of 1965, s. 23(b)(ii).
substituted, Mah. 55 of 1977. These words were substituted for the words "such limit as may be prescribed" by Mah. 55 of 1977, s. 7.

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