Rule 249 — GFR

Rule 249 (1) All sanctions to loans shall be subject to the Delegation of Financial Powers Rules and shall specify the terms and conditions relating to them including the terms and conditions of their repayment and payment of interest.

Rule 249 (2) Borrowers shall be required to adhere strictly to the terms settled for the loans made to them. Modifications of these terms can be made subsequently only for very special reasons and after seeking prior concurrence of Ministry of Finance.