Amendment status not verified — confirm the current text below against the official source.
National Employment Guarantee Fund.-(1) The Central Government shall, by notification, establish a fund to be called the National Employment Guarantee Fund for the purposes of this Act. (2) The Central Government may, after due appropriation made by Parliament by law in this behalf, credit by wa.y of grants or loans such sums of money as the Central Government may consider necessary to the National Fund. (3) The amount standing to the credit of the National Fund shall be utilised in such manner and subject to such conditions and limitations as may be prescribed by the Central Government. COMMENTS This section provides that the Central Government ·shall establish National Employment Guarantee Fund. The Central Government may credit by way of grants or loans such sums of money to the National Fund. It further provides that the amount standing to the credit of the National Fund shall be utilized i11 such maru1er and subject to such conditions and limitations as may be prescribed by the Central Government, by rules. [Notes on Clauses]