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Section 26PPP

Section 26PPP. Central Mandi Fund

1[ 26-PPP. (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. ]

1Superscript markers show text inserted or substituted by a later amendment. The Act carries the markers without the footnotes they refer to, so they are shown without a target.