Amendment status not verified — confirm the current text below against the official source.
(1) The State Government may, from time to time, make subventions and grants to the Board for the purpose of this Act, on such terms and conditions as the State Government may impose in this behalf. (2) Subject to the provisions of this Act and the rules made thereunder and such conditions as the State Government may impose in this behalf, the Board may, from time to time and with the previous sanction of the State Government, borrow on the security of the Khadi Account or the Village Industries Account or any other asset of the Board of otherwise any sum required for giving effect to the purposes of this Act.