Q) Q) The Officers authorised under Rule 6 to receive applications for loans shall, on receipt of the application get the same entered in the register maintained in form 1V, complete all preliminary enquiries and forward the application with his recommendation to any of the following autho- Tities as the case may be :—
(i) the Collector of the District concerned where the loan recommended does not exceed Rs 15,000/-
(ii) the Director of Industries, Rajastoan in case the loan recommended exceeds Rs, 15,000/ ,
(iii) the Rajasthan Financial Corporation.
(iv) the Registrar, Co-operative Societies where the loan is to be granted to Industrial Co-operative Societies, The Director of Industries, Rajasthan shall pass on the application to the Secretary, Loan Committee, constituted under Rule 17, all applications for loans for an amount exceeding Rs. 20,000/— 1488 GQ) 4 () The Secretary of the said Loan Committee shall submit all such applications together with a consolidated statement to the Loan Committee at its next meeting.
The Collector or the Director of Industries, Rajasthan as the case may be may in his discretion pass ou any such application to the Rajasthan Financial Corporation for advancing, in accordance with these rules, loans for and behalf of the State Government as its agent.
The Registrar, Co-operative Societies may sanction loans and arrange disbursement thereof direct or through the Central Co-operative Bank of his discretion.