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State of Madhya Pradesh - Section

Section 63 in The M.P. Griha Nirman Mandal Adhiniyam, 1972

63. Guarantee by State Government of loans.

- The State Government may guarantee in such manner and subject to such conditions as it may think fit, the payment of the principal and interest of any loan proposed to be raised by the Board on debenture or of either the principal or the interest.