Amendment status not verified — confirm the current text below against the official source.
Notwithstanding anything contained in any law for the time being in force but subject to such conditions as the Central Government, by general or special order may specify in this behalf, the Central Government may – (a) Give loans to a society ; (b) Guarantee the payment of the principal debentures issued by a society or of interest thereon or both or the repayment of the share capital of a society to its members or the payment of dividend thereon at such rates as may be specified by the Central Government ; (c) Guarantee the repayment of loans given by a Co-operative Bank to a society ; (d) Guarantee the repayment of the principal and payment of interest on loans and advances given by the Reserve Bank of India or the Industrial Finance Corporation of India or any other authority constituted under any law for the time being in force ; or (e) Provide financial assistance, in any other form (including subsidies), to a society.