Duty of Board

It shall be the duty of the Board— (a) to report to the Central Government after such enquiry, if any, as it deems necessary or as may be required by this Act, on applications for State aid that may be referred to it for advice to the Central Government or any officer authorised in this behalf; (b) to advise the Central Government on any matters that may be referred to it: Provided that Central Government shall not sanction State aid without reference to the Board except in the case of a loan the amount of which does not exceed Rs. 5,000.