Section 20

Borrowing powers of the Institute all such sums of money as are required to defray any expenditure incurred by the Institute in the exercise, performance and discharge if its powers, duties or functions under this Act ;

all such sums of money as are required to be paid out of the Fund, by or under, this Act ; and all such sums of money as are required for training courses for public officers, employees, members and co-operative leaders in the field of co-operatives.

The Board of Management may, with the concurrence of the Minister and the Minister in charge of the subject of

Finance, or in accordance with the terms of a general authority given with like concurrence, borrow, by way of overdraft or otherwise, such sums as may be necessary for the discharge of its functions :

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Provided however that the aggregate outstanding in respect of loans raised by the Institute under this section, shall not exceed such sum as may be determined by the Minister with the concurrence of the Minister in charge of the subject of

Finance.