Vidhi Codex

(LOANS -AND GRANTS) ACT, 1948

The East Punjab Refugees Rehabilitation (Loans and Grant) Act, 1948

Finance194816 sections

This Act was enacted in 1948 to provide financial assistance in the form of loans and grants specifically for the rehabilitation of refugees in the East Punjab region. It applies to any individual, cooperative society, company, or group established to whom financial support is sanctioned to rebuild livelihoods and homes. By offering these funds, the law aims to help society recover economically from the displacement caused by the Partition of India, ensuring that displaced citizens can reintegrate and stabilize their standard of living. ===STUDY_GUIDE** ## Overview of the Act Enacted to address the immediate aftermath of the Partition, this law serves as a financial rehabilitation scheme for the East Punjab region. Its core purpose is

Start reading →Read full ActSections
  1. 1. Short title and extent
  2. 2. Definitions
  3. 3. Controlling Authority
  4. 4. Limits of loans and grants
  5. 5. Procedure for sanctioning loans and grants
  6. 6. Security for repayment of loans
  7. 7. Undertaking to apply grant for specified purposes
  8. 8. Loans how repayable
  9. 9. Inspection and supply of information
  10. 10. Default in compliance with order under section 9
  11. 11. Appeal
  12. 12. Government, and the decision of the 3[State] Government thereon shall be final.
  13. 13. Finality of decision of State Government
  14. 14. Bar to legal proceedings
  15. 15. Government or any Government officer or other authority vested with powers under this Act for anything in good faith done or intended to be done thereunder.
  16. 16. Repeal

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