(1) Where a land-holder is ineligible to obtain credit under the normal rules of the financing agency relating to advancing of loans, the Credit Officer shall arrange for the grant of special loan to such ineligible land-holders by such agency as may be selected by him.
(2) The said agency shall advance special loans to the ineligible land-holders through the Command Area Development Authority or its nominee, for executing the scheme for systematic land development, from out of the land created by the Government for the purpose.
(3) Where any land-holder included, in the scheme for systematic land development is unwilling either to deposit the money as required under sub-section (2) of section 16 or to incur the expenditure by himself, or to obtain credit facility under section 28 or sub-section (1) of this section, for the systematic development of his land, the Credit Officer shall select a financing agency, or any other agency, for the purpose of advancing such amount as may be required towards the cost thereof to the Command Area Development Authority which shall be treated as the borrower. The Land Development Officer or the nominee of the Command Area Development Authority shall receive the said amount on its behalf for the development of the lands of such land-holder, and the said amount shall, notwithstanding anything in any other law for the time being in force, be deemed to have been advanced as a loan or special loan by the aforesaid agency to the land-holder concerned, as if he had applied for such loan:
Loans to ineligible and recalcitrant land holders.
28 [Act No.15 of 1984]
Provided that where the aforesaid agency is the Cooperative Agricultural Development Bank, the said amount shall be deemed to have been advanced as a loan by the said bank to the land-holder concerned, as if he were a member eligible for such loan.
30. Notwithstanding anything in any other law for the time being in force, where a financing agency or other selected agency, as the case may be, advances a loan or a special loan or such loan is deemed to have been so advanced, such loan or special loan shall, subject to any claim of the Government in respect of land revenue have a first charge on the land included in the scheme for systematic land development for the purpose of recovery of such loans and where that aforesaid agency is the Co-operative Agircultural Development Bank, the loan amount may be recoverable in the manner provided by sections 101 to 106 of the 9Telangana Co-operative Societies Act, 1964.
31. Where on the implementation of the scheme for systematic land development, the extent or the boundaries of the land under any mortgage gets altered, such altered land shall alone form the substituted security for the land mortgaged.
32. If, in the opinion of the Government, it is necessary in the public interest so to do, they may, by notification and subject to such restrictions and conditions as may be specified in such notification, reduce or exempt in respect of any financing agency or of such institution or person as may be notified by the Government in this behalf –
9. Adapted by G.O.Ms.No.53, Agriculture and Co-operation (Coop-II) Department, dated 20.05.2016.
Creation of charge on land.
Alterations of extent of boundaries of mortgaged land under the scheme for systematic land development.
Exemption from certain duties and fees.
Act 7 of 1964.
[Act No.15 of 1984] 29
(a) the stamp duty with which, under any law for the time being in force, instruments executed by or on behalf of a financing agency or the institution or person aforesaid pertaining to the business of such financing agency, institution or person in so far as it relates to matters provided under this Act or any clause of such instruments, are respectively chargeable; and
(b) any fee payable under the law relating to registration for the time being in force or court fees.