The United Provinces Panchayat Raj ActState Act of Uttar Pradesh · Act 26 of 1947
span@[ 36. A [ Gram Panchayat ] may borrow money from the State Government or with the prior sanction of the prescribed authority and subject to such conditions as may be prescribed from any financial
corporation established by law or any scheduled bank or the Uttar Pradesh Co-operative Bank or a District Co-operative Bank or from any other [ Gram Panchayat ] to carry out any of the purpose of this Act. ]