After a loan is duly sanctioned, the authority sanctioning the loan shall send copies of the sanction to the District Industries Officer or the Deputy 1491 Director of Industries and disburse th: loan after the borrower executies thenecessary documents and the mortgage deed in Form XII or Form XV,registered where necessary. The Authority sanctioning the loan may at hisdiscretion, advance the loan in instalments according to the aciual require-ments of the borrower for the Purpose for which the loan has beensanctioned. The authority disbursing the Joan shall maintain loan ledger inForm XIII.
16. Loans through Rajasthan Financial Corporation or RegistrarCo-operative Societies ;—
(1) Applications forwarded to the Rajasthan Financial Corporation/ Registrar, Co-operative Societics, Rajasthan, under Rule 10 as well asapplications received direct by the saidCorporation/Registrar Co-operative Societies under Sub-Rule (4) of Rule 6, shall be scrutinised and loans shall be granted according to these rules by the said Corporation/ Registrar, Co-operative Societies, Rajasthan as the case may be, whomay also constitute a sub-Committee for the Purposeof granting loans, The Secretary, Loan Committee may be taken as a memberof such sub-committee,
(2) The Rajasthan Financial Corporation or the Central Cooperative Bank,as the case may be, shall be paid remuneration of the following rates for acting as agents for disbursing loan to small scale industries,
(a) 2% on the amount and loan sanctioned (gross) subject to maximum of Rs. 50,000/~ in any one year to cover their administrative charges, and
(b) 1/2% on the amount of loans outstanding at the beginning of each year subject to maximum of Rs, 50,000/- in any one year.