law: National Bank for Agriculture and Rural Development Act, 1981 
  32. Issue of
  
  guarantees.- 
  The National Bank may
  
  guarantee, subject to such directions as may be issued by the Board, from time
  
  to time, deferred payments in connection with the purchase of capital goods or
  
  for any other purpose for giving effect to the provisions of this Act, due from
  
  any person of class of persons, whether incorporated or not.