section 28
Subventions and loans to the Board.
The Meghalaya Khadi and Village Industries Board Act, 1980Corporate198041 sections6 chapters
Chapter V Finance, Accounts, audits and Reports.
Statutory text
- (1) The Government may, from time to time, make subvention and grants to the Board for the purpose of this Act on such terms and conditions as the Government may determine in each case. Establishment expenditure of the State Board will be the sole responsibility of State Government. Similarly, it may grant subvention compensating irrecoverable debts.
- (2) The Board may from time to time, with the previous sanction of the Government and subject to the provisions of this Act and such conditions as the Government may determine, borrow any sum required for the purpose of this Act: Provided that the previous sanction of the Government shall not be necessary to borrow any sum from the Khadi and Village Industries Commission.
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