CKAXT OF LOANS AND ADVANCES TO A<; II K TLTl 1MSTS. 107 



(ii) Where the applicant's interest in the land is not sufficient 

 of itself to guarantee the repayment of the loan, further 

 security shall be required, which may consist of transfer- 

 able interests in other lands belonging' to the applicant, 

 or to the other persons willing to become his sureties, or 

 of personal security. 



(iii) Where a body of five or more co-villagers bind themselves 

 jointly and severally as contemplated in section 9 of 

 the Act, their personal security will generally be suffi- 

 cient, and such officer may, if empowered by rule 1, at 

 his discretion advance on such security an amount not 

 exceeding five times the annual assessment of the land 

 held bv such villagers . 



*/ C7 



8. If the proposed improvement falls within section 4, sub- 



section (2), of the Act, and if the security offered 

 Procedure. 



is good and sufficient, the officer dealing with 



the application, or the Collector, when the application and report have 

 been transmitted to him under rule 5, may, on completion of the local 

 enquiry, sanction the loan himself, if he has power by rule 1 to do so ; 

 otherwise, the Collector shall forward the application, with his report 

 thereon, to the Commissioner for disposal. 



9. Where the Revenue Officer, other than the Collector, has 

 Disbursement of power under rule 1 to sanction the loan applied 



loans on the spot, or ^ j^ mav? as soon as the local enquiry is com- 



pleted, and the particulars mentioned on the reverse of Form A are 

 filled in, take the security required by rule 11, sanction the loan, and, 

 if so desired by the applicant, disburse it on the spot. Loans, 

 or instalments of loans, sanctioned by the Collector or any higher 

 authority may be disbursed in the village by Sub-divisional Officers 

 and Deputy Collectors empowered under rule 1, and by any reliable 

 non-official agency, where available. 



Provided that disbursement on the spot may not in any case 

 exceed rupees 500 for a single item : 



Provided also that, when any loan is payable in more than one 

 instalment, the second or any subsequent instalment shall not be 

 passed for payment by the sanctioning officer until he has had an 

 enquiry made locally and satisfied himself that satisfactory progress 

 is being made with the work for which the loan was sanctioned. 



