Amendment status not verified — confirm the current text below against the official source.
Power to raise loans - (1) The Board may raise loans of duration greater than one year, with the previous sanction of the Government on such terms and conditions as may be prescribed by Government for the purposes of this Act. (2) Loans may be raised by the Board in the open market on the Board Securities issued by it or may be obtained from the Government or a Bank approved by the Government.