Khadi and Village Industries Fund

Khadi and Village Industries Fund.

1. (1) The Board shall have its own fund, and all receipts of the Board shall be credited thereto and all payments by the Board shall be made therefrom.
2. (2) The Board may accept grants, subventions, donations and gifts and receive loans from the Government or a local authority or any body or association of persons, whether incorporated or not, or any other source, for all or any of the purposes of this Act.
3. (3) All moneys belonging to the fund shall be deposited in such banks or invested in such manner as may, subject to the approval of the Government, be decided by the Board.
4. (4) The fund shall be applied towards meeting the expenses of the Board in the discharge of its functions under this Act and for any other purpose for which under this Act any money is or may be required to be paid by the Board.