(1) All receipts of the Board shall be credited to a fund to be called the Marketing Development Fund.
6[(2) All expenditure incurred by the Board shall be defrayed from such fund which shall be jointly operated upon by 8[the Chief Administrator] or the Secretary and any officer of the Board authorised by the Board in this behalf.]
1. Substituted by Haryana act 21 of 1973.
2. Omitted by Haryana Act 5 of 1976 and further substituted by Hr. Act 10 of 1979.
3. The words “one rupee and fifty paise” substuted for the words “one rupee” by Haryana Act.
10 of 1974 and the words “two rupees” substituted with the words “three rupees” shall be deemed to have been substuted with effect from 2nd day of Septemebt, 1977 for the words “two rupees” by Haryana Act 22 of 1977.
4. Substituted by Haryana Act 5 of 1976 and further substituted by Haryana Act 10 of 1979.
5. The words added by the Punjab State Agricultural Marketing Board and Marketing Committee (Reconstitinons and Recorganisation) Order, 1969.
6. Substituted by Haryana Act 21 of 1973.
7. Inserted by Haryana Act 38 of 1980.
8. Subsituted by Haryana Act 38 of 1980.
The Punjab Agricultural Produce Markets Act, 1961
26. The Marketing Development Fund shall be utilised for the following purposes :-
(i) better marketing of agricultural produce;
(ii) marketing of agricultural produce on co-operative lines;
(iii) collection and dissemination of markets rates and news;
(iv) grading and standardisation of agricultural produce;
(v) general improvements in the markets or their respective notified market areas;
(vi) maintenance of the office of the Board and construction and repair of its office buildings, rest-house and staff quarters;
(vii) giving aid to financially weak Committees in the shape of loans and grants;
(viii) payment of salary, leave allowance, gratuity, compassionate allowance, compensation for injuries or death resulting from accidents while on duty, medical aid, pension or provident fund to the persons employed by the Board and leave and pension contribution to Government servants on deputation;
(ix) traveling and other allowances to the employees of the Board, its members and members of Advisory Committees;
(x) propaganda, demonstration and publicity in favor of agricultural improvements;
(xi) production and betterment of agricultural produce;
(xii) meeting any legal expenses incurred by the Board;
(xiii) imparting education in marketing or agriculture;
(xiv) construction of godowns;
(xv) loans and advances to the employees;
(xvi) expenses incurred in auditing the accounts of the Board;
(xvii) with the previous sanction of the State Government, any other purpose which is calculated to promote the general interests of the Board and the Committees 1[or the national or public interest] :
Purposes for which the Marketing Development Fund may be expended.
1. The word “or the national or public interest” added by Punjab Act 23 of 1962.
The Punjab Agricultural Produce Markets [Punjab Act] Act, 1961 Market Committee Fund.
Provided that if the Board decides to give aid of more than five thousand rupees to a financially weak Committee under clause (vii), the prior approval of the State Government to such payment shall be obtained.