10. Jute Fund.-
(1) There shall be formed a Fund to be called the Jute Fund and there shall be credited thereto-
(a) any fees that may be levied and collected under this Act or the rules made thereunder;
(b) any sums of money paid or any grants or loans granted by the Central Government for the purposes of this Act;
(c) any grants or loans that may be made by any person for the purposes of this Act.
(2) The Fund shall be applied-
(a) for meeting the cost of the measures referred to in section 7;
(b) for meeting the salaries, allowances and other remuneration of the officers and other employees of the Council;
(c) for meeting the other administrative expenses of the Council;
(d) for repayment of any loans.