(1) Subject to rules made in this behalf, a Gram Mandal may raise money for carrying out the purposes for which it is established on the security of the Gram Nidhi or any property vested in, or belonging to it.
(2) A Gram Mandal may, for any of such purposes, also obtain a loan from any Government on such terms and conditions as that Government may determine.
(2) A Gram Mandal may, for any of such purposes, also obtain a loan from any Government on such terms and conditions as that Government may determine.
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More sections of this act
Section 1 · Short title, extent and commencement.Section 2 · Definitions.Section 3 · Act to have over-riding effect.Section 4 · Declaration of village as Gramdan Village.Section 5 · Declaration of voluntary transfer of lands by way of Gramdan.Section 6 · Collector to hold meeting of Gram Sabha constituted under Panchayats Act to ascertain if majority of person residing in village or donating land are willing to join Gramdan community.Section 7 · Prohibition against transfer of lands.Section 8 · Effect of declaration as Gramdan village.India Code, Government of India. Text fetched 19 Oct 2026. Source metadata reports last modification: 2023-11-02. Check the linked official text and subsequent notifications when applying a provision.