GENERAL PROVISION REGARDING THE GRANT OF AIDState · Andhra Pradesh
Section 14 of AN ACT TO CONSOLIDATE AND AMEND THE LAW RELATING TO STATE AID TO COTTAGE, SMALL-SCALE AND VILLAGE INDUSTRIES
Repayment of loans - Every loan granted under this Act shall bear interest from such date and at such rate as the Government may, in each case or class of cases, determine and shall be payable in installments within such period from the date of the actual advance of the loan, or where the loan is advanced in installments, from the date of payment of the last installment, as may be fixed by the order granting the loan:
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13PreviousSection 13 Control of business by Government is certain Cases - Where in any case, the amount of the loan given under this Act amounts to or exceeds one lakh of rupees, the Government shall, and in any other case may, by the appointment of Directors on their behalf or otherwise, take steps, to ensure such control and supervision over the conduct of the industry as shall suffice in their opinion to safeguard their interests, and to satisfy themselves that the loan is utilised for the purpose and the object for which it was granted.15NextSection 15 Provided that the period so fixed shall not exceed ten years unless the Government, by general or special order, extend the loan period.