(1)

There shall be formed a Fund to be called the Oilseeds and Vegetable Oils Development Fund and there shall be credited thereto-

1. any fees that may be levied and collected under this Act or the rules or regulations made thereunder;
2. any sums of money paid or any grants or loans granted by the Central Government for the purposes of this Act;
3. any grants or loans that may be made by any person for the purposes of this Act (including loans obtained by the Board under section 13);
4. any grants or donations from State Governments, voluntary organisations or other institutions.

(2)

The Fund shall be applied-

1. for meeting the cost of the measures referred to in section 9;
2. for meeting the salaries, allowances and other remuneration of the members, officers and other employees, as the case may be, of the Board;
3. for meeting the other administrative expenses of the Board and any other expenses authorised by or under this Act;
4. for repayment of any loans.