Amendment status not verified — confirm the current text below against the official source.
Provisions applicable to any new loan contracted with Central or 1[State] Government.— If any new loan shall be contracted by the corporation under this Act with 2[the Central or the 3[State] Government], the same shall be subject as regards repayment and security and in every other respect, to the same provisions as are hereinbefore contained in respect of the consolidated loan save only that the rate of interest, the period of repayment and the number and amount of the instalments shall, in the case of any such new loan, be fixed, 4[by the Central Government, or, as the case may be, the 5[State] Government] ]. 6[* * * * * *]