Power to raise loans

(1) The Board may raise loans with the previous sanction of the Government on such terms and conditions as may be prescribed by the Government for the purposes of this Act. (2) Loans may be raised by the Board in the open market on Board securities issued by it or may be obtained from the Government or any Bank or any financial institutions like All India financial Corporations and State Finance Corporations approved by the Government. (3) The terms of all loans shall be subject to the approval of the Government.