Amendment status not verified — confirm the current text below against the official source.
Grant by the Government.- (1) The Government shall every year make a grant to the Authority towards the administrative expenses, until the Authority reaches self-sustainable stage out of its own resources. (2) The authority within three to four years from its inception shall work towards self-sustainability and from fifth year onwards make an all- out efforts to maintain, run and develop from its own earnings. (3) The Authority may borrow funds from other sources only with the prior approval of the Government.