Functions of the Board
8. The functions of the Board shall be-
(a) to prepare projects and schemes for the development of Chittagong Division;
(b) to approve of projects and schemes involving not more than [twenty-five lakh] Taka each and to submit other projects and schemes to the Government for approval;
(c) to execute approved projects and schemes;
(d) to supervise execution of approved projects and schemes;
(e) to advance funds, on such terms and conditions as it may determine, for the execution of development schemes sponsored by various development agencies;
(f) to grant loans, on such terms and conditions as may be prescribed, to any person for setting up or development of any small-scale or cottage industry or project;
(g) to do such other acts and things as may be necessary or convenient to be done in connection with, or incidental or conducive to, the performance of the aforesaid functions.