National Co-operative Development Corporation Act,1962
Act No : 26
Section :
Functions of Corporation.
9. Functions of Corporation. 3*[(1) Subject to the provisions of this Act, the functions of the Corporation shall be to plan and promote programmes, through co-operative societies, for-- (a) the production, processing, marketing, storage, export and import of agricultural produce, foodstuffs, poultry feed and notified commodities; (b) the collection, processing, marketing, storage and export of minor forest produce.] (2) In particular and without prejudice to the generality of the foregoing provision, the Corporation may-- (a) advance loans or grant subsidies to State Governments for financing co-operative societies and for employment of staff for implementing programmes of co-operative development; (b) provide funds to State Governments for financing co- operative societies for the purchase of 4*[agricultural produce, foodstuffs] and notified commodities on behalf of the Central Government; (c) plan and promote programmes through co-operative societies for the supply of seeds, manures, fertilizers, agriculties for the supply of seeds, manures, fertilizers, agriculment of agricultural produce; 5*[(d) provide loans and grants directly to the national level co-operative societies and other co-operative societies having objects extending beyond one State; (e) provide loans to co-operative societies on the guarantee of State Governments or in the case of co-operative societies --------------------------------------------------------------------- 1 Subs. by Act 3 of 1974, s. 7, for certain words (w.e.f. 1-4- 1974). 2 Ins. by s. 7, ibid., (w.e.f. 7-4-1975). 3 Subs. by s. 8, ibid., for sub-section (1) (w.e.f. 1-4-1974). 4 Subs. by s. 8, ibid., for "agricultural produce" (w.e.f. 1-4- 1974). 5 Ins. by s. 8, ibid., (w.e.f. 1-4-1974). 84 in the Union territories, on the guarantee of Central Government; (f) participate in the share capital of the national level co-operative societies and other co-operative societies having objects extending beyond one State.] (3) The Corporation shall so exercise its functions under this section as not to interfere with the activities of the Khadi and Village Industries Commission established under the Khadi and Village Industries Commission Act, 1956 (61 of 1956).
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