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Section 63C: Financial assistance to multi-State co-operative societies for development.

The Multi-State Co-operative Societies Act, 2002Central Act · Act 39 of 2002

[63C. Financial assistance to multi-State co-operative societies for development.--(1) The Central Government may, on an application made by a multi-State co-operative society which has contributed to the Fund for continuous five preceding financial years, grant such financial assistance as it may consider appropriate to the society out of the Fund for infrastructural requirement:

Provided that at least fifty per cent. of the total requirement shall be borne by the multi-State co-operative society and the financial assistance from the Fund shall not exceed more than the fifty per cent. of such requirement.

(2) The Committee constituted under sub-section (2) of section 63A shall examine and recommend to the Central Government for providing the financial assistance to the multi-State co-operative society to such extent and on such terms and conditions as it may consider necessary.]

Where this provision sits

ActThe Multi-State Co-operative Societies Act, 2002
Section63C
Marginal noteFinancial assistance to multi-State co-operative societies for development.
JurisdictionCentral
StatusIn 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.

  • inserted. . Ins. by s. 24, ibid. (w.e.f. 3-8-2023).

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