Power of the Government to borrow money

[(1) The Government may from time to time borrow at such rate of interest and for such period and upon such terms, any sum of money required for the purpose of the Development Plan preparation and implementation of the Development schemes or any of the purposes of this Act]1.

1. (2) The [Government]1 may also borrow money from Life Insurance Corporation (Schedule Bank), Work Bank, Housing & Urban Development Corporation Limited (HUDCO), National Urban Infrastructure Development Finance Corporation etc. through public debenture for the purpose of this Act.