Section 9 in The M.P. Krishi Upaj Mandi (State Marketing Development Fund) Rules, 2000
9. Covered auction platform.
(c)Loan shall be given for the works mentioned in Para (b) above, on the basis of demarcation for Market yard development construction and estimate/project report/master plan prepared by the Executive Engineer of the Board and recommended by him.(d)Loan shall be given to the Market Committee on interest at the rate of 4% p.a. for godown, shop or sundry shop in the notified Market Yard/sub-market yard/haat bazar if 50% of the cost is deposited in advance by the licensees traders/processors/ proposed permission holders.(e)Loan to the extent of limit prescribed by the Board may be given to Market Committee on interest at the rate of 10% p.a. on the basis of demarcation for market yard development construction and estimate/project report/master plan prepared by Executive Engineer of the Board and recommended by him and also towards purchase of land for godown, shop-cum-godown, sundry shop, open auction platform, covered shed, drainage construction, trolley shed, check post, cattle shed, bank and post office premises.(f)Loan for any work shall be given to Market Committee in lump sum, which shall be kept by the Market Committees in a separate account and utilized only for the particular work.
