Release of Loan. 8.1 The release of funds with respect to the sanctioned projects, shall be made by NABARD on the basis of application in prescribed format submitted by the Finance Department (nodal department) of the State Government after satisfactory completion of all the documentation formalities. Along with each drawal application, State Govt. shall also furnish Utilization Certificate in respect of the entire amount of previous loan installment, if any, released to it.
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Release of Loan. 8.1 2.1 The release of funds with respect to the sanctioned projects, shall be made by NABARD on the basis of application in prescribed format submitted by the Finance Department (nodal department) of the State Government after satisfactory completion of all the documentation formalities. Along with each drawal application, application State Govt. shall also furnish Utilization Certificate in respect of the entire amount of previous loan installment, if any, released to itinstallment released.
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