Amendment status not verified — confirm the current text below against the official source.
To the Warehousing Fund shall be credited -- (a) the non-recurring grant of five crores of rupees and two-fifths of the annual recurring grant referred to in Section 11; (b) such additional grants as the Central Government may make to the Board for the purposes of the Fund; (c) such sums of money as may, from time to time, be realised out of loans made from the Fund or from interest on loans or dividends on investments made from the Fund. (2) The Warehousing Fund shall be applied-- (a) for subscribing to the share capital of the Central Warehousing Corporation; (b) for advancing loans to State Governments on such terms and conditions as the Board may deem fit for the purpose of enabling them to subscribe to the share capital of State Ware-housing Corporations; (c) for advancing loans and granting subsidies to a Ware-housing Corporation or to a State Government for the purpose of promoting the warehousing and storage of agricultural produce.