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Section 22 – The State Agricultural Credit Corporations Act,1968

The State Agricultural Credit Corporations Act,1968

Section 22. Limits on borrowings and deposits

The aggregate of the amounts borrowed and deposits accepted by the Corporation and outstanding shall not at any time exceed ten times the amount of paid- up share capital and the reserve fund of the Corporation or , with the prior approval of the Central Government , fifteen times the amount of such paid up share capital and reserve fund.

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The State Agricultural Credit Corporations Act,1968

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