Section 3(3)(d) in The Regulations For Disbursement of Loans Under The Middle Income Group Housing Scheme, 1968
(d)Registered Co-operative Tenancy Societies working on Principle of collective ownership rather than of individual ownership for construction of houses to be let out to the members of the society or, where any house or tenements remain vacant for any period, to non-members on rent to be calculated at no-profit no-loss basis.