Para 10.4 — CAM
Original Rule Text
10.4 PROCEDURE FOR REPAYMENT OF THE LOANS AND ADVANCES AND INTEREST THEREON
10.4.1 Paras 8.15.2, 8.15.7 and 8.18.2 of Chapter 8 deal with the procedure to be followed for repayment of loans and payment of interest by State Governments and U.T. Governments.
What This Means
This is a brief referencing paragraph that directs the reader to Chapters 8 (Paras 8.15.2, 8.15.7, and 8.18.2) for the procedures on how State Governments and Union Territory Governments repay loans and pay interest to the Central Government. The detailed procedures for non-government borrowers are covered in subsequent paras.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Procedures for State and UT Government loan repayment are in Chapter 8 of CAM
- 2Cross-references Paras 8.15.2, 8.15.7, and 8.18.2 for detailed procedures
- 3Separate procedures apply for other borrowers like PSUs and institutions
Practical Example
A PAO handling loan accounts for a Union Territory Government receives an inquiry about the repayment procedure. Instead of looking through the entire manual, they refer to Paras 8.15.2, 8.15.7, and 8.18.2 of Chapter 8, which contain the specific procedures for State and UT Government loan repayments and interest payments.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Why does this section simply cross-reference another chapter?▼
Where can I find repayment procedures for non-government borrowers?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.