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State of Uttar Pradesh - Section

Section 26PPP in Uttar Pradesh Krishi Utpadan Mandi Adhiniyam, 1964

26PPP. [Central Mandi Fund. [Substituted by section 4 of U.P. Act No. 4 of 1999.]

(1)There shall be established a Fund to be called the Central Mandi Fund to which the following amount shall be credited, namely:-
(a)all moneys paid to the Board under sub-section (6) of section 19;
(b)such other amount as the State Government or the Board may direct.
(2)The Central Mandi Fund shall be utilized by the Board for the following purposes namely:-
(a)assistance to financially weak and under developed Committees in the form of loans or grants;
(b)construction, maintenance and repairs of market yards, links roads, culverts and other development works in the market area;
(c)grants or loans to the committees for development works;
(d)such other purposes as may be directed by the State Government or the Board in such manner as may be prescribed.]