Powers of Parishad to borrow

(1) The Parishad may, from time time, with the previous sanction of the Government and subject to the provisions of this Act, and to such conditions as may be prescribed, barrow any sum required for the purposes of this Act. (2) The maximum amount which the Parishad may at any time borrow under sub-section (1) shall be Rs. 2,00,000 unless the Government by notification fix higher maximum amount.