The Nagaland Village Area and Regional Councils (Amendment) Act, 1974
The Nagaland Village Area and Regional Councils (Amendment) Act, 1974
General19743 sections
This law amends the Nagaland Village, Area and Regional Councils Act of 1970 to give local village and regional councils more financial power. It allows these councils to borrow money from the government or banks, receive grants, and lend money to permanent residents. The Act also permits councils to take security or collateral from borrowers and sell it if residents fail to repay loans. By enabling these financial activities, the legislation helps councils fund development and welfare projects within their communities more effectively.
PDF: pending for this language.