Keyword(s):
Agriculture, Agriculturist, Agro-Industries Corporation, Bank, Co-Operative
Society, Financial Assistance
AN ACT TO MAKE PROVISIONS TO FACILITATE ADEQUATE
FLOW OF CREDIT FOR AGRICULTURAL PRODUC-
TION AND DEVELOPMENT THROUGH BANKS
AND OTHER 1NSTITUTIONAL CREDIT
AGENCIES AND FOR MATTERS
CONNECTED THEREWITH
ORINCIDENTAL
THERETO
Be it enacted by the Legislature of the State of
Orissa in the Twecty-sixth Year of the Republic of
India, as follows :-
PRELlMlNARY
I
!
!
- (1) This Act may be called the Orissa Agri- z&;ttEi
cultural Credit Operations and Miscetlaneous ,,-u,,.
mcnt.
Provisions (Banks)Act; 1-975.
(2) It shall extend to the whole of the State of
Orissa.
(3) Tt shall come into force on such date as the
State Government may, by notification, appoint in
this behalf and different dates may be appointed for
different provisions of this Act and for daerent areas
of the State. - In this Act, unless the context otherwise Dcliflitioas
requires,-
(a) ” agriculture “shall include making land
fit for cultivation, cuItivation of land,
improvement of land including develop-
ment of sources of irrigation, raising and - For Statement of Objccls and Reasons, see Orissa C~zette,Extra-
ordinary, dated thc 19th Marcb 1975 (No. 574).814 THEORrssA AGRICULTURALCREDITOPERATIONSAND [Or. Act
harvesting of crops, horticulture, forestry,
plat~tiog and farming and cattle breeding,
animal husbandry, dairy farming, seed
farming, pisciculture, apicu!ture, sericulturc,
piggery, poultry farming and such other
activities as are generally carried on by
agriculturists, dairy farmers, cattle
breeders, poultrJ farmers and Gther cate-
gories of persfins engaged in similar acti-
vities including marketing of agriculiural
products, their storage and transport and
the acquisition of implements and machi-
nery in connection with any such activity
and the expression ” agricultural purpose”
shall be construed accordingly;
(b) “agriculturist” means a person who earns
income from agriculture;
(c) “Asro-Industries Corporation” means
a company or other body corporate, one of
theprincipal objectivesof which is to under-
take activities connected with or intended
for the development of agriculture and
not less than uty-one per cent of the paid
up share capital of which is held by the
Central Government or by any State
Government or Governments or partly by
thecentral a~veanrnentand partly by one
or more State Governments;
DISCLAIMER: This document is being furnished to you for your information by Blinkvisa. The contents of this document have been obtained from sources Blinkvisa believes to be reliable. These contents have not been independently verified, and PRS makes no representation or warranty as to the accuracy, completeness or correctness. In some cases the Principal Act and/or Amendment Act may not be available. Principal Acts may or may not include subsequent amendments. For authoritative text, please contact the relevant state department concerned or refer to the latest government publication or the gazette notification. Any person using this material should take their own professional and legal advice before acting on any information contained in this document. Blinkvisa or any persons connected with it do not accept any liability arising from the use of this document. Blinkvisa or any persons connected with it shall not be in any way responsible for any loss, damage, or distress to any person on account of any action taken or not taken on the basis of this document.
