(1) The Market Development Fund shall be utilized by the Board either on its own or through public private partnership for discharge of functions entrusted to the Board under this Act.
(2) Without prejudice to generality of this provision, the Market Development Fund may be utilized for the following purposes, namely
(i) Payment of administrative expenditure of the Board.
(ii) Payment of travelling and other allowance to the Chairman and Members of the Board.
(iii) Payment of legal expenses incurred by the Board.
(iv) Granting aid to financially weak Market Committees in the form of loan or grant for development proposes.
(v) Propaganda and publicity on matters relating to marketing of agricultural produce including livestock.
(vi) Training of the officers and staff of the Market Committees and Board and also to market functionaries and agriculturists.
(vii) Organizing and arranging workshops, seminars, exhibition etc., on development of marketing.
(viii) Promotion and construction of infrastructural facilities in the principal market yard, submarket yard and market subyard and in also common market infrastructural facilities in the delineated market area.
(ix) Undertaking skill development and pledge financing activities.
(x) Undertaking market survey and research, grading and standardization, quality assaying, quality certification of agricultural produce, online trading and other activities connected thereto.
(xi) Acquisition or constructions or hiring by lease or otherwise of buildings or land for performing the duties of the Board.
(xii) Internal audit of the Board and the Market Committees.
(xiii) Development of Haat Bazars and farmerconsumer markets for marketing of agricultural produce in the delineated market areas; and explore the possibility of developing such markets for livestock also.
(xiv) any other purpose, deemed necessary for execution of the functions assigned to the Board under this Act or as directed by the State Government.