Section 121 in Jammu and Kashmir Co-Operative Societies Act, 1989
121. Raising of loans from Government and funding agencies at national and international levels.
- The Housefed may raise loans from the following organisations on such terms and conditions as maybe agreed between the lending institutions and the Housefed namely:(a)The Life Insurance Corporation of India;(b)Housing and Urban Development Corporation;(c)Commercial and Co-operative Banks;(d)General Insurance Corporation;(e)Central and State Government;(f)National Co-operative Housing Federation;(g)National Housing Bank;(h)World Bank; and(i)Any other funding institutions in India or abroad as may be approved by the Government.
