Section 11
Borrowing powers of the Council.
The Jute Manufactures Development Council Act, 1983
About this Act
An Act to provide for the establishment of a Council for the development of production of jute manufactures by increasing the efficiency and productivity in the jute industry, the financing of activities for such development and for matters connected therewith.
Subject to such rules as may be made in this behalf by the
Central Government, the Council shall have the power to borrow on the security of the Jute Fund or any
other asset for carrying out the purposes of this Act.