21B. Corporation to act as an agent of Central Government.-The Corporation may act as agent for the Central Government - (i) in guaranteeing the due performance by any small-scale industrial concern or other institution or undertaking or categories of institutions or undertakings approved by the Central Government in this behalf, of its, or their obligations to any credit institution in respect of loans and advances made or other credit facilities provided to it, or them, by such credit institution, and (ii) in making, as such agent, of payments in connection with such guarantee.
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