Amendment status not verified — confirm the current text below against the official source.
( 1 ) The Corporation may, subject to such conditions as may be prescribed in this behalf, borrow money from the financial institutions or non-resident Indians, or from the open market by issue of guaranteed or unguaranteed bonds, debentures stocks and otherwise, for the purpose of providing itself with adequate resources. ( 2 ) The maximum amount which the Corporation may at any time have on loan under sub-section ( 1 ) shall not exceed rupees one thousand crores, unless the State Government fixes a higher maximum limit for this purpose.