Section 8(1)(i) in The Maharashtra Cooperative Societies Rules, 1961
(i)in the case of credit societies-(i)the maximum loan admissible to a member;(ii)the maximum rates of interest on loans to members;(iii)the conditions on which loans may be granted to members and penalties for misapplication of loans so advanced;(iv)the procedure for granting extension of time for the repayment of loans and advances;(v)the consequences of default in payment of any sum due;(vi)the circumstances under which a loan may be recalled;