Chapter V — GOVERNMENT GRANTS, GUARANTEES AND OTHER CONCESSIONS

Section 22Concessional rate of Government guarantee

Section 22: Concessional rate of Government guarantee

22. Concessional rate of Government guarantee

The Government shall prescribe a concessional rate of fees, not exceeding 0.1 per cent. at which Government guarantee may be extended to the Institution for borrowings from multilateral institutions, sovereign wealth funds, and such other foreign institutions as may be prescribed.