Section 66: Restrictions on loans

Q: What does Section 66 of The National Rural Employment Guarantee Act, 1983 (TNREGA) deal with?

Section 66 TNREGA pertains to "Restrictions on loans". It is part of the The National Rural Employment Guarantee Act, 1983, a legislation enacted by the Parliament of India. Section 66 of The National Rural Employment Guarantee Act, 1983 (TNREGA) governs restrictions on loans. As verified on 19 May 2026.

Q: Is Section 66 TNREGA still in force?

Yes, Section 66 of the The National Rural Employment Guarantee Act, 1983 is currently in force across the Republic of India.

Q: What is धारा 66 TNREGA?

धारा 66 TNREGA is the Devanagari Hindi reference for Section 66 of the The National Rural Employment Guarantee Act, 1983. Section 66 of The National Rural Employment Guarantee Act, 1983 (TNREGA) governs restrictions on loans. As verified on 19 May 2026.

Q: What is Dhara 66 TNREGA?

Dhara 66 TNREGA is the Roman Hindi reference for Section 66 of the The National Rural Employment Guarantee Act, 1983. "Dhara" means "Section" in Hindi. Section 66 of The National Rural Employment Guarantee Act, 1983 (TNREGA) governs restrictions on loans. As verified on 19 May 2026.

Q: How to cite Section 66 of The National Rural Employment Guarantee Act, 1983?

Cite as: "Section 66, The National Rural Employment Guarantee Act, 1983 (TNREGA)" in legal briefs. For academic writing, use the BlueBook format: The National Rural Employment Guarantee Act, 1983, § 66 (India).

Law on Tips Editorial Board

(1)

A registered society shall not make a loan to any person other than a member:

Provided that, with the general or special sanction of the Registrar, a registered society may make loans to another registered society:

Provided further that a registered society may make such loans as may be specified in the bye-laws to any of its paid employees.

(2)

Notwithstanding anything contained in sub-section (1)-

(a) a registered society may make a loan to a depositor on the security of his deposit;

(b) a financing bank may provide overdraft to, or discount bills and cheques of, depositors subject to such limits and conditions as may be prescribed; and

(c) a financing bank may make a loan to depositors on the security of gold jewels and silver-ware, subject to such limits and conditions as may be prescribed.

(3)

The Government may, by general or special order, prohibit or restrict the lending of money on mortgage of immovable property by any registered society or class or category of registered societies.