Chapter V AID TO SOCIETIES

1. (1) The Administration may subscribe directly to the share capital of a society with limited liability.
2. (2) The share capital subscribed by the Administration under sub-section (1) shall not be returned to it by a society, except with the previous approval of the Administration.

Notwithstanding anything contained in any law for the time being in force in the Union territory, but subject to such conditions as the Administration may, by general or special order, specify in this behalf, it may,—

1. (a) give loans to a society;
2. (b) guarantee the payment of the principal of debentures issued by a society, or of interest thereon, or both, or the repayment of the share capital of a society to its members, or the payment of dividends thereon at such rates as may be specified by the Administration;
3. (c) guarantee the repayment of the principal of and the payment of interest on, means given by a co-operative bank to a society;
4. (d) guarantee the repayment of the principal of and payment of interest on, loans and advances given by the Reserve Bank, National Bank for Agriculture and Rural Development or the Industrial Finance Corporation of India, or any other authority constituted under any other law for the time being in force in the Union territory; or
5. (e) provide financial assistance, in any other form including subsidies, to a society.