6. The Board shall have power- (a) with the prior approval of the Government, to set up projects for the welfare of labourers and their families and to sanction grant from the Fund for financing such project;(b) to invest moneys held in the Fund in Government securities or, with the prior approval of the Government, in any other profitable ventures;(c) to sanction grant from the Fund to the labourers and their families in accordance with the provisions of this Ordinance, or the regulations made thereunder;(d) to sanction expenditure connected with the administration and management of the Fund and for such other purposes as may be prescribed;(e) to do all acts and things necessary for the purpose of administration and management of the Fund.