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Section 28: Subventions and loans to the Board.

The Meghalaya Khadi and Village Industries Board Act,1980 (Act No.27 of 1980)State Act of Meghalaya · Act 27 of 1980

(1) The Government may, from time to time, make subvention and grants to the Board for the purpose of this Act on such terms and conditions as the Government may determine in each case. Establishment expenditure of the State Board will be the sole responsibility of State Government. Similarly, it may grant subvention compensating irrecoverable debts.

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

Provided that the previous sanction of the Government shall not be necessary to borrow any sum from the Khadi and Village Industries Commission.

Where this provision sits

ActThe Meghalaya Khadi and Village Industries Board Act,1980 (Act No.27 of 1980)
Section28
Marginal noteSubventions and loans to the Board.
JurisdictionState of Meghalaya
StatusIn force as published by the source

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