Amendment status not verified — confirm the current text below against the official source.
Board's power to raise loans.-Subject to such con- ditions and llmitatwns as may be laid down by the Govern- ment and With their pnor approval, the Board may, for the promotwn and executwn of any scheme under this Act, raise loans or borrow money from any bank or other financial instttutwns approved U) the Government or from the r ,Ife Insurance Corporatwn of India cslabhshed under sectwn 1 of ~ 1 he Life Insurance CorporatiOn Act, 1 !-J5G (Central Act 31 of 1956).