Maharashtra Provision of Facilities for Agricultural Credit by Banks Act, 1974

For Statement of Objects and Reasons, see Maharashtra Government Gazette, part V, pages 1116-1117, An Act to make better provision for the adequate supply of credit for increasing agricultural production and development in the State: and for that purpose to remove any restrictions on alienations of certain agricultural lands, so that banks may provide credit on such agricultural lands; to provide for the speedy recovery of the dues of such banks which provide credit; and to provide for matters connected with and incidental to the purposes aforesaid. Whereas it is expedient to make better provision for the adequate supply of credit for increasing agricultural production and development in the State; and for that purpose to remove any restrictions on the alienations of certain agricultural lands, so that banks may provide credit on such agricultural lands to provide for the speedy recovery of the dues of such banks which provide credit; and to provide for matters connected with and incidental to the purposes aforesaid; It is hereby enacted in the Twenty-fifth Year of the Republic of India as follows:-

Act number

Act 5 of 1975

Year

1975

Enacted on

10-03-1975

In force from

10 March 1975

Jurisdiction

Maharashtra State Act

Subjects

Agriculture, Banking And Finance, Land And Property

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Official source: India Code