Budget of Co-operative Education Fund

The yearly budget of the Co-operative Education Fund shall be so prepared that the total expenditure shall not exceed fifty per cent of the estimated receipts during the co-operative year in which the Fund is first established and in any subsequent co-operative year, the expenditure shall not exceed fifty per cent of the amount in balance on 31st March last : Provided that for extraordinary reasons like the holding of a national or international level conference in Uttaranchal, the expenditure in any particular co-operative year may with the permission of the State Government, increase up to eighty five per cent of the amount in balance on 31st March last.