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[Cites 0, Cited by 0] [Section 40] [Entire Act]

State of Arunachal Pradesh - Subsection

Section 40(4) in The Arunachal Pradesh Co-operative Societies Rules, 1984

(4)The Registrar may recognise a Central Bank as the-Central Financing Agency which shall be primarily responsible for financing credit requirements of all credit-worthy purposes through the Concerned societies in its jurisdiction. On such recognition such bank shall be responsible for making all possible efforts to mobilise local resources for making loans available to the societies in its area. Such loans may be granted for credit worthy purposes, giving due importance to the production plans and requirements of various strata of the producer and co-operative discipline with reference to linking up of credit with co-operative processing or co-operative marketing.