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 the Government may, (a) give loans or make advances to co-operative societies ; (b) guarantee the repayment of principal and payment of interest on debentures issued by a co-operative society ; (c) guarantee the repayment of share capital of a co-operative society and dividends thereon at such rates as may be specified by the Government ; (d) guarantee the repayment of principal and payment of interest on loans and advances to a co-operative society ; and (e) give financial assistance in any other form including subsidies, to any co-operative society.