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[Cites 0, Cited by 0] [Section 10] [Entire Act]

State of Madhya Pradesh - Subsection

Section 10(1) in The M.P. Shakari Krishi Aur Gramin Vikas Bank Adhiniyam 1999

(1)The State Development Bank shall constitute a Credit Stabilization Fund for the purpose of-
(i)enabling it to discharge its obligations in the event of postponement of repayment of loans or of instalments of loans; or
(ii)meeting the obligations of Sinking Fund arising as a consequence of total or partial failure of crops on account of drought or any other natural calamity; or
(iii)enabling it to discharge its obligations in the event of default by a member due to loss caused by a natural calamity in products of Rural and Cottage Industries as described by the National Bank.
(iv)any other purpose as determined by the Registrar.