(l) An application for loan of multi state society shall be in sue may be required by the board of the multi state cooperative society and say the purpose for which the loan is required in the manner laid down in the society. (2) For every loan, a member shall furnish such security as may be under the contents of Bye-laws in multi state cooperative society . The period of repayment of the loan shall be as provided in the exceed ten years in case of loans related to construction/ house/flats and five years for any other purpose: Provided that in case of employees cooperative . The period of loan shall not exceed the date of retire employee. (4) In any multi state cooperative society in which the liability members is credit cooperative society limited by shares, no loan shall be granted to a member exceed times the amount of share capital paid by him or as may be laid do laws.  Contributory provident fund.-(l) Every multi state society which has in its service  or more regular employees shall establish a Provident Fund referred to in sub-section (2) The multi state cooperative society creating such a fund shall provide for the following in its bye-laws (a) Authority to administer the fund. (b) Amount of contribution to be deducted from the employee salary. (c) Mode of nomination for payment of the amount of the contributory provident fund in case of employee death. (d) Purpose for which, the extent to which, and the period after which, advanced may be made against the security of such fund and the number of monthly in statements in which advance is to be repaid. (e) Refund of employee’s contribution and contribution made by the society. (f) Maintenance of accounts of such fund. (3) The amount of contribution that can be deducted from the salary of an employee of the multi state cooperative society shall not be less than centum of his basic salary. (4) The Multi State Cooperative Society may make such contribution every year to the employees' contributory provident fund as may be approved by the board. Such contribution shall not exceed per centum basic salary of the employee.