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13

Channellisation of certain loans through village organisation

Act: Baluchistan Village Organizations Ordinance 1990

Section Provisions

BALOCHISTAN STATUTES BALOCHISTAN STATUTES ORDINANCE I OF 1990 BALOCHISTAN VILLAGE ORGANIZATIONS ORDINANCE, 1990 CHAPTER III PRIVILEGES OF VILLAGE ORGANISATIONS 13. Canalization of certain loans through Village Organisation: ‑From a date to be notified by the Government in the Balochistan Gazette in consultation with the State Bank, no scheduled bank operating in Balochistan Province shall extend loans and advances as defined in the Banking Companies Ordinance, 1962 (LVII of 1962), for agricultural production and development to the subscribers of a Village Organisation except through the Village Organisation to which they are subscribers.