The Punjab Village Common Lands Regulation Act 1961
Schedule 11. Purposes for which land may be hypothecated
6[Sections 5 and 15(2) (k)] 7[Section 15 (2) (e)].
A Panchayat may, with the prior sanction of the Zila Parishad 8[Panchayat Samiti] hypothecate the land in Shamilat deh vested in it for the purpose of borrowing money from the Government or a Co-operative Bank for the improvement of such land or for any other development scheme.
