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State of Madhya Pradesh - Section

Section 3 in The M.P. Goldsmith Rehabilitation (Loans) Rules, 1963

3. Limits and conditions of loans.

(1)An amount of loan which may be advanced to the goldsmith under these rules shall not exceed rupees three thousand.
(2)No loan shall be granted to any goldsmith under these rules if a loan has already been given to him from the Government under any other Act, or rules in force except for reasons to be recorded in writing and subject to condition that the applicant is regular in payment of instalment of the other loan and the said loan has been properly utilised.