Rule 247 — GFR

Rule 247 (1) Powers and Procedure for sanction of loans. The powers of Departments of the Central Government and Administrators as well as other subordinate authorities to sanction loans are given in the Delegation of Financial Powers Rules and other general and special orders issued under that rule.

Rule 247 (2) Nodal Division in Ministry of Finance. The Budget Division, Department of Economic Affairs, Ministry of Finance shall be the nodal division in the Ministry of Finance to finalise terms and conditions of loans by the Central Government.