Vidhi Codex

section 5

Procedure for sanctioning loans and grants

The East Punjab Refugees Rehabilitation (Loans and Grants) Act, 1948
Finance19488 sections
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Statutory text
  1. (1) Any refugee [or group] may submit to the Deputy Commissioner, within the local limits of whose jurisdiction [the refugee, or, as the case may be, a member of the group resides or intends to carry on] business or profession, an application in the prescribed form, supported by an affidavit, stating the amount of loan or grant desired, the purpose for which it is desired and the manner in which the repayment of the loan, if granted is proposed.
  2. (2) The Deputy Commissioner, if satisfied that the applicant is a refugee, may:—
    • (a) if the application is for a grant of a sum not exceeding Rs. 250 or for a loan of a sum not exceeding Rs 2,000, sanction the loan or the grant, as the case may be, to the extent of the amount stated in the application, or any lesser amount as he may consider fit ;
    • (b) if the application is for a grant of a sum exceeding Rs. 250 or for a loan of a sum exceeding Rs. 2,000 forward it alongwith his recommendations as to the amount for which it may be sanctioned, to the Financial Commissioner. (2-A) The Deputy Commissioner, if satisfied that the individuals constituting a group are all refugees, may—
    • (a) if the application is for a loan not exceeding Rs 1,000 per member of the group and not exceeding Rs. 10,000 for the group, sanction the loan to the extent of the amount stated in the application or any lesser amount as he consideres fit, and
    • (b) if the application is for a loan exceeding Rs. 1,000 per member of the group or exceeding Rs 10,000 for the group, forward it along with his recommendations as to the amount for which it may be sanctioned, to the Financial Commissioner. (2-B)(a) Any co-operative society may submit to the Registrar an application in the prescribed form, supported by an affidavit, stating the amount of loan desired, the purpose for which it is desired and the manner in which the repayment of loan, if granted, is proposed.
    • (b) The Registrar may—
      • (i) if the application is for a loan not exceeding Rs. 1,000 per member of the co-operative society and not exceeding Rs 10,000 for the co-operative society as a whole; sanction the loan to the extent of amount stated in the application, or any lesser amount as he considers fit, and
      • (ii) if the application is for a loan exceeding Rs. 1,000 per member of the co-operative society or exceeding Rs 10,000 for the co-operative society as a whole, forward it along with his recommendation as to the amount for which it may be sanctioned, to the Financial Commissioner.
  3. (3) The Deputy Commissioner may, after consulting such authorities, if any, as the [State Government] may prescribe, specify the conditions on which any loan or grant sanctioned by him is made, and, in the case of a loan specify the instalments by which it is to be repaid.
  4. (4) The Financial Commissioner may after consulting such authorities, if any, as the [State Government] may in this behalf prescribe, either reject the application or accept it in whole or in part, and may specify the conditions on which the loan or grant is to be made, and in the case of a loan specify the instalments in which it is to be repaid; Provided that in the case of a loan to a co-operative society the amount sanctioned shall not exceed Rs. 2,000 per member of the society. 5-A. 5-A
  5. (1) Notwithstanding anything contained in the last preceding section the Financial Commissioner may entertain direct from any individual refugee or group an application in the prescribed form supported by an affidavit stating the amount of loan desired, and the manner in which repayment of loan if granted, is proposed.
  6. (2) The Financial Commissioner if satisfied that the applicant is a refugee may, after consulting such authorities, if any, as the [State Government] may, in this behalf prescribe sanction the loan to the extent of the amount stated in the application under sub-section
  7. (1) or any lesser amount as he may consider fit.

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