[27A. Loans to State Government, undertakings, etc.-- The National Bank may make loans and advances to any State Government or a corporation owned or controlled by the State Government or to any other person or class of persons, as may be approved by the Board, repayable on the expiry of a fixed period not exceeding twenty-five years from the date of making of such loans and advances and subject to such terms and conditions, as may be approved by the Board, for the purpose of development of infrastructure facilities for promotion of agriculture and rural development.]
Section 27A: Loans to State Government, undertakings, etc.
The National Bank for Agriculture and Rural Development Act, 1981Central Act · Act 61 of 1981
Where this provision sits
| Act | The National Bank for Agriculture and Rural Development Act, 1981 |
|---|---|
| Section | 27A |
| Marginal note | Loans to State Government, undertakings, etc. |
| Jurisdiction | Central |
| 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.
- inserted. . Ins. by s. 14, ibid. (w.e.f. 1-2-2001).
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