We heard you! Soon we are bringing you the biggest update yet with Updated & New acts, all Central and State acts, the Constitution of India, and a dedicated Mobile App! 🚀
(1) The Authority may, with the consent of the Central
Government or in accordance with the terms of any general or special authority given to it by the Central
Government, borrow money from any source by the issue of bonds, debentures or such other instruments as it may
deem fit for discharging all or any of its functions under this Act.
(2) The Central Government may guarantee in such manner as it thinks fit, the repayment of the
principal and the payment of interest thereon with
respect to the loans taken by the Authority under sub-section (1)
(3) Subject to such limits as the Central Government may, from time to time, lay down, the Authority
may borrow temporarily by way of overdraft or otherwise, such amount as it may require
for discharging
its functions under this Act.
Download our fully-offline, High speed android app.- Click here