Section 61 - Government aid to multi‑State co‑operative societies. - Multi-State Co-Operative Societies Act, 2002

Government aid to multi‑State co‑operative societies. 61. Notwithstanding anything contained in any law for the time being in force, the Central Government or a State Government, on receipt of request from a multi‑State co‑operative society and with a view to promoting co‑operative movement, may, ( a ) subscribe to the share capital of a multi‑State co‑operative society; ( b ) give loans or make advances to a multi‑State co‑operative society; ( c ) guarantee the repayment of principal and payment of interest on debentures issued by a multi‑State co‑operative society; ( d ) guarantee the repayment of share capital of a multi‑State co‑operative society and dividends thereon at such rates as may be specified by the Central Government or the State Government; ( e ) guarantee the repayment of principal and payment of interest on loans and advances to a multi‑State co‑operative society; ( f ) give financial assistance in any other form, including subsidies, to any multi‑State co‑operative society; and ( g ) provide aid to any other multi‑State co‑operative society on such terms and conditions as may be prescribed.