Amendment status not verified — confirm the current text below against the official source.
Power of Government to give financial assistance.—Notwithstanding anything contained in any law foi the time being inforce, the [State]1 Govern ment may grant loans to, take shares in. guarantee the principal or the interest or both in respect of debentures issued by or give financial assistance in any other form to. any registered society, which puts forward a satisfactory scheme for ffic utilisation of the funds so raised. The [State]' Government may recover from any society out of its net profit in any year all or any part of such financial assistance.