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Rule 8
Extent of Investment in Consortium or Bridge Financing

8. Extent of investment in consortium or bridge financing:

Investment on the basis of consortium or bridge financing in basic social services and income-generating projects managed by agencies related to city development in collaboration with a bank or financial institution, the investment should not exceed 15 percent of the capital accumulated in the fund. can do However, if the grant money received by the fund from any organization to be spent for a specific purpose has to be invested in basic social services and income-generating projects managed by the organization related to city development in conjunction with a bank or financial institution, the prior approval of such organization shall be obtained and if such approval is obtained, the restriction of fifteen percent shall not be applicable. .