Bare ActsThe PUNJAB BACKWARD CLASSES (GRANTS OF LOANS) ACT, 1957

Section 7

Amendment status not verified — confirm the current text below against the official source.

The loan shall be repayable by the borrower in 20 half-yearly equated instalments : Provided that the repayment of instalments shall Commence on the expiry of four years from the date of Payment of the loan. — Procedure for sanctioning loans. Security for;re ment of loans Agreement to be executed by applicant. Loan how repayable. Inspection and supply of intormation. Co: uences of faite by borrower to comply with an order made or to furnish information Tequired under section 8. Appeal. Mode of recovery, (5) to furnish any information which the

Section 7 – The PUNJAB BACKWARD CLASSES (GRANTS OF LOANS) ACT, 1957 | DailyLaw.ai