THE JAMMU AND KASHMIR CO-OPERATIVE SOCIETIES ACT, 1989
Section 121. Raising of loans from Government and funding agencies at National and International levels.
The Housefed may raise loans from the following organisations on such terms and conditions as may be agreed between the lending institutions and the Housefed namely :––
(a) The Life Insurance Corporation of India ;
(b) Housing and Urban Development Corporation ;
(c) Commercial and Co-operative Banks ;
(d) General Insurance Corporation ;
(e) Central and *[State Government] ;
(f) National Co-operative Housing Federation ;
(g) National Housing Bank ;
(h) World Bank ; and
(i) Any other funding institutions in India or abroad as may be approved by the Government.
Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.
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