State Act
Section 21. Borrowing by the Corporation.
The West Bengal Scheduled Castes Development And Finance Corporation Act, 1976
This Act was repealed on a date we do not have by the West Bengal Scheduled Castes, Scheduled Tribes and Other Backward Classes Development and Finance Corporation Act, 2017 (West Bengal Act XXX of 2017), s.33(1); it may still apply to matters that began before then.
21. (1) The Corporation may, with the previous approval of the State Government, borrow money in the open market or otherwise for carrying out any of its functions under this Act. (2) Money borrowed by the Corporation under sub-section (1) shall be guaranteed by the State Government as to the repayment of the principal and the payment of interest at such rate not being less than four per cent. per annum as the State Government may, on the recommendation of the Corporation, fix at the time the money is borrowed.