The Rehabilitation Finance Administration Act, 1948

The Rehabilitation Finance Administration Act, 1948 was enacted with the aim of providing financial assistance for the development of industries and commerce in India. The Act provides for the establishment of the Rehabilitation Finance Administration, which is responsible for providing loans, advances, and other financial assistance to industrial and commercial enterprises. The Act also outlines the powers and functions of the Rehabilitation Finance Administration, including the power to make loans and advances, the power to regulate the terms and conditions of loans and advances, and the power to conduct investigations into the affairs of the enterprises that receive financial assistance. The Act also establishes the Rehabilitation Finance Corporation, which is responsible for the administration of the funds provided by the Rehabilitation Finance Administration.