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State of Haryana - Section

Section 46 in Haryana Co-operative Societies Act, 1984

46. State aid to co-operative societies.

- Notwithstanding any thing contained in any law for the time being in force, the Government may -
(a)subscribe to the share capital of a co-operative society;
(b)give loans or makes advances to a co-operative society;
(c)guarantee the repayment of principal and payment of interest on debentures issued by a co-operative society;
(d)guarantee the repayment of share capital of a co-operative society and dividends thereon at such rates as may be specified by the Government;
(e)guarantee the repayment of principal and payment of interest on loans and advances to a co-operative society; and
(f)give financial assistance in any other form including subsidies to any co-operative society.