[The Board may, for the purpose of effectively carrying out its
functions under the Act, advance loans and disburse grants and subsidies, to
such persons or class of persons engaged in the promotion and development
of khadi and Village Industries, and on such terms and conditions, out of the
funds received by it from the State Government or the Commission, as may
be prescribed or specified by the State Government or the Commission, as
the case may be.]
3 Substituted vide section 2 of Rajasthan Act No. 5 of 1968, published in the Rajasthan Gazette, Part IV-A, Extraordinary, dated 18-3-1968.