section 53
Power to borrow
The Jammu and Kashmir Village Panchayat Act, 1958Infrastructure1958145 of 149 sections available9 chapters
Chapter IV Chapter IV
Statutory text
Power to borrow--With the sanction of the Government and subject to such terms as may be prescribed, a Panchayat may borrow money from the Government, a Co-operative Bank or any other financial institution for the furtherance of the purposes of this Act.
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