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CHAPTER IV GENERAL PROVISIONS

Section 46A: Contribution to National Rural Credit (Long Term Operations) Fund and National Rural Credit (Stabilisation) Fund

The Reserve Bank of India Act, 1934

1[The Bank shall contribute every year such sums of money as it may consider necessary and feasible to do so, to the National Rural Credit (Long Term Operations) Fund and the National Rural Credit (Stabilisation) Fund established and maintained by the National Bank under sections 42 and 43, respectively, of the National Bank for Agriculture and Rural Development Act, 1981 (61 of 1981).]

Footnotes in the official text

  1. 1.Subs. by Act 61 of 1981, s. 61 and Sch., II for sections 46A and 46B (w.e.f. 12-7-1982). Earlier these sections were inserted by Act 24 of 1955, s. 7 (w.e.f. 8-5-1955).

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