Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 0, Cited by 0] [Section 6] [Entire Act]

State of Odisha - Subsection

Section 6(1) in The Orissa Intensive Cultivation Scheme Loans Rules, 1951

(1)In considering an application for a loan, the officer competent to sanction the loan shall decide in consultation with the Agriculture Department-
(a)whether the proposed loan satisfies the conditions of Sub-section (1) of Section 4 of the Agriculturists' Loans Act, 1884 (hereinafter referred to as "the said Act");
(b)whether the need for the implements or machinery is established;
(c)whether the security is sufficient;
(d)what amount should be advanced; and
(e)subject to the provisions of any rules in this behalf, what period is to be allowed before repayment is to commence :
Provided that in considering an application for loan from a Co-operative Farming Society, the officer competent to sanction the loan shall consult with the Special Officer, Co-operative Farming of the Co-operative Department on the points specified in Clauses (b), (d) and (e) above in addition to consulting Agriculture Department.