(1)There shall be formed by the Board a Fund to be called the Coir Fund and there shall be credited thereto—
(a)the proceeds of the cess made over to the Board by the Central Government;
(b)any other fee that may be levied and collected under this Act or the rules made thereunder;
3[(c) any sum of money that may be paid by way of grants under section 14A.]
(2)The Fund shall be applied towards meeting the expenses of the Board and the cost of the measures referred to in section 10.