Amendment of section 63

To section 63 of the Manipur Town and Country Planning Act, 1975, the following proviso shall be added, namely— "Provided that the State Government may guarantee the repayment of the principal and the payment of the interest thereof in respect of loans borrowed by the Authority from the Life Insurance Corporation of India and other financial institutions, with the prior approval of the State Government for the execution of a plan and a Scheme.".