122 GRANT OF LOANS AND ADVANCES TO AGRICULTU 





empowered by rule 1 to do so ; otherwise the Collector shall forward the 

 application, with his report thereon, to the Commissioner for disposal. 



9. When the Revenue Officer, rather than the Collector, has 

 Disbursement of loans power under rule 1 to sanction the loan applied 

 on the spot. f ol ^ ne may, 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 

 E/s. 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. 



12. A copy of the order granting the loan shall be given to the 

 Payment where to be applicant, and, on presentation thereof, payment 



made - of the loan or of any instalment of the loan may 



be made to him either at the district or the sub-divisional Treasury, or 

 on the spot under rule 9. 



13. (i) In the case of a loan granted by instalments, if the 



applicant, after taking one or more instalments, 

 Closure of loan on 



failure to take instal- fails to take any other instalment within six 



weeks from the date on which he is entitled to it, 

 the Collector may declare the loan closed. 



(ii) The total of the instalments taken by the applicant shall 

 then constitute the loan, which shall be treated as having been fully 

 paid on the date on which the last instalment was actually taken ; and 

 a fresh arrangement for repayment shall be made by the Collector, 

 consistent with rules 17 and 18. 



14. (i) The ordinary rate of interest on loans shall be 



one anna on the rupee, or Gj per cent, pe 

 Interest on loans. 



annum. 



* See foot note on p. 120. 



