Financial assistance to multi-State co-operative societies: central fund may cover up to half subject to contribution and committee recommendation. Central Government may grant financial assistance from the Fund to a multi State co operative society for infrastructural requirements provided the society has contributed to the Fund for five continuous preceding financial years, the society bears at least fifty per cent of the total requirement, the Fund contribution does not exceed fifty per cent, and the Committee under section 63A(2) examines and recommends the extent and terms of assistance.
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Provisions expressly mentioned in the judgment/order text.
Financial assistance to multi-State co-operative societies: central fund may cover up to half subject to contribution and committee recommendation.
Central Government may grant financial assistance from the Fund to a multi State co operative society for infrastructural requirements provided the society has contributed to the Fund for five continuous preceding financial years, the society bears at least fifty per cent of the total requirement, the Fund contribution does not exceed fifty per cent, and the Committee under section 63A(2) examines and recommends the extent and terms of assistance.
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