276. Loan for the purchase of Tools.- An amount of five thousand rupees will be sanctioned as loan to the members of the fund, for the purchase of tools. Those who have completed three years membership in the fund and those who remit contribution regularly will be eligible for this loan. The beneficiary should not have completed fifty five years of age. The loan amount shall be recovered in not more than sixty instalments. An application in Form No.XL shall be made for this loan with such other documents as may be specified by the Board. |
