The principal of, and the interest on.
th(· debentures Issued under section 3 or bonds issued or loans raised vr,der section 4, to such maximum amount as may be fixed by the Government from time to time and subject to such conditions as trf'y n •ay deem fit to impose, shall carry the guarantee of the Governntent .
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I 135 . 7. Power of Board to make r:egulations for purposes of thi3 Chapter.-The Board may, subject to the approval of the Trustee, makt> regulations not inconsistent with the provisions of this Chapter-- ( a) for fixmg the period of debentures and the rate of mterest payable thereof;
(b) for calling in debentures after g1vmg notice to debenture holuers;
(c) for the issue of new debentures in place of debentures damaged c •r destroyed;
(d) for converting one class of debentures into another class ot debentt1res bearing a different rate of interest; and .
(e) generally for carrying out, the provisiOns of this Chapter.
CHAPTER III LOANS · ~.. 8. Pov;ers of agricultural development banks to advance • toum;.-Subject to the provisions of this Act and the rules made thereunder, It shall be competent for the Agricultural Development Bank and the primary banks to advance loans for the following purposes, namely:- •
(a) land improvement and productive purposes;
Explanation.-Land Improvement and productive purposes, mean any work, construction or activity which adds to the pro ductivity of the land and, in particular, includes the followmg, that 1s to say,-
(i) construction and repair of wells (surface wells, dug-cum bore wen;, tube wells and filter pomts J, tanks and other works for the exploitation of surface and ground water and a:;torage, supply or distrdbution of water for the purposes of agriculture, or for the use of cattle employed in agriculture ,and all types of 1rrigation;
(ii) renewal or reconstruction of any of the foregoing works, or alterations therein, or additions thereto;
(iii) preparation of land for irrigation;
(iv) drainage, reclamation from rivers or other waters, or protection fl'Om floods or from erosion or other damage by water, • • • \ di.J of land used for agricultural purposes or waste land whxch is cultivable;
( v) bundmg, levelling, terracing and similar improvements;
(vi) reclamation, clearance and enclosure or permanent improvement of land for agricultural purpose; • .
(vii) horticulture and plantations including forest plantations;
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(viii) purchase of ml engines, pumping sets and electric motors for any of the purposes mentioned herein;
(ix) purchase of tractors and uther agricultural machmery,
(x) purchase of draught animals and bullock carts and other carts;
(xi) increase of the productive capacity of land by addition to it of special variety of soil;
(xii) constructiOn or repair of permanent farm houses, cattle sheds and sheds for processmg ot agr1cultural produce at any stage; •
(xiii) construction of stone-fence, barbed wiring fence or any other kind of fence for production of land including eastern wall;
' lXlV) purchase of land for consohdation of holdmgs;
(xv) such other purposes as the Government may spec1fy, from time to time, as land improvement and product1ve purposes for the purposes of this Chapter, by a special or general order;
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(b) development of dairy, poultry, .piggery, sheep, goat and other livestock and inland and marine fisher1es;
(c) procurement of fishery requisites like fishing boats, mechanised or n'on-mechanised, fishing nets, twine, ropes and marine paint;
(d) production of animal 'and poultry feed;
(e) procurement and installation of eqUlpments and machi nery for processing, marketing and transportation of all agricul tural products including products of animal origin hke milk, meat, fish, eggs and manure and construction of buildings for any such purpose;
(f). installation of go bar gas plants;
(g) redemption of prior debts;
(h) payment of purchase price by tenants for purchase of the right, title and interest of landlords under the Kerala Land Reforms Act, 1963 (1 of 1964), or compensation or other amount .
I l • 137 payab1e for the purchase of rights of landlords under any law for the tlme bemg m force;
(i) any other purposes conducive to agricultural develop ment as decided by tne Board with the approval of the Reg1strar from time to time