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Section 16: Re-schedule of loans taken by an agriculturist from financial institutions

The Kerala Agricultural Debtors (Temporary Relief) Act, 2001State Act of Kerala · Act 19 of 2001

(1) Notwithstanding anything contained in this Act or in any law or contract or decree or order of any Court or Tribunal the Government may, in such manner as may be prescribed reschedule the recovery of loans availed by an agriculturist and due on or before the date of commencement of this Act to a financial institution owned or fully controlled by the Government.

(2) Where the reschedule of loan is made under sub-section (1), the agriculturist shall be bound to repay such loan with interest to the financial institutions concerned within the period allowed by such financial institution.

Where this provision sits

ActThe Kerala Agricultural Debtors (Temporary Relief) Act, 2001
Section16
Marginal noteRe-schedule of loans taken by an agriculturist from financial institutions
JurisdictionState of Kerala
StatusIn force as published by the source

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