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Section 21 - National Bank for Financing Infrastructure and Development Act, 2021
Chapter V
Government Grants, Guarantees and other Concessions
21. Grants and contribution.-
(1) The Central Government may support the Institution through grants or contribution, as and when necessary, in the form of cash or marketable Government securities.
(2) Without prejudice to the generality of the foregoing, the Central Government shall, by the end of the first financial year from the establishment of Institution, grant or contribute an amount of five thousand crore rupees to the Institution in the form of cash or marketable Government securities.
Related Sections
- Section 25: Preparation of balance sheet and accounts
- Section 42: Section 34A and 36AD of the Banking Regulation Act, 1949 to apply to Institution
- Section 32: Powers of Board to make regulations
- Section 1: Short title, extent and commencement
- Section 16: Disclosure of interest by members of Board or of committees
Related Acts
* Only for reference.