Vidhi Codex

The Andhra Pradesh State Aid to Industries Act, 1976

The Andhra Pradesh State Aid to Industries Act, 1976

General197624 sections4 chapters

The Andhra Pradesh State Aid to Industries Act, 1976 establishes a framework for the state government to provide financial assistance and loans to eligible businesses across Andhra Pradesh. It creates a Board of Industries to review applications, issue grants, and oversee funding. Applicable to various industrial undertakings, including cottage industries, the law details application procedures, loan security requirements, interest rates, government inspection powers, and repayment terms. This legislation matters because it promotes local economic development, supports small-scale entrepreneurs, and protects public funds through structured financial oversight and accountability.

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Chapter I PRELIMINARY →

  1. 1Short title, extent, commencement and application –(1) This Act may
  2. 2Definitions –In the Act, unless the context otherwise requires:-

Chapter II BOARD OF INDUSTRIES →

  1. 3Establishment and constitution of Board of Industries and the term of

Chapter III GENERAL PROVISION REGARDING THE GRANT OF AID →

  1. 4Industries to which aid may be given
  2. 5Grant of aid by the Government –(1) Subject to the provisions of this Act
  3. 6Powers of the Director to grant aid –(1) The Director on an application
  4. 7Application for aid and procedure to be followed form in certain cases
  5. 8Security to be obtained for loan -(1) No loan shall be granted under this
  6. 9Co-operative Society subject to such condition as may be prescribed.
  7. 10Courts not to attach, sell, etc., without to permission of the sanctioning authority
  8. 11Inspection and returns -Where a loan has been applied for under this
  9. 12Director to exercise powers of Government under sections 8 and 11 in certain cases
  10. 13Control of business by Government is certain Cases -Where in any
  11. 14Repayment of loans -Every loan granted under this Act shall bear
  12. 15Provided that the period so fixed shall not exceed ten years unless the Government, by general or special order, extend the loan period.
  13. 16Government may, from time to time, prescribe.
  14. 17Power of Government to terminate aid on account of default -(1) The
  15. 18Fees -The Government may, in respect of an application, inquiry,
  16. 19Power of Government as regards starting or conducting industries and giving aid of certain kinds

Chapter IV MISCELLANEOUS →

  1. 20Method of recovery of moneys due –(1) All moneys payable under this
  2. 21Protection acts done good faith -No suit, prosecution or other legal
  3. 22Power to make rules -(1) The Government may, by notification, make
  4. 23Repeal and savings- (1) The Andhra Pradesh (Andhra Area) State Aid to

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