section 10(1)
Power of State Development Bank to make regulations for the purpose of this Chapter.
The Madhya Pradesh Sahakari Krishi Aur Gramin Vikas Bank Adhiniyam, 1999Finance199963 sections
Statutory text
The State Development Bank shall constitute a Credit Stabilization Fund for the purpose of (i) enabling it to discharge its obligations in the event of postponement of repayment of loans or of instalments of loans: or (ii) meeting the obligations of Sinking Fund arising as a consequence of total or partial failure of crops on account of drought or any other natural calamity: or (iii) enabling it to discharge its obligations in the event of default by a member due to loss caused by a natural calamity in products of Rural and Cottage Industries as described by the National Bank. (iv) any other purpose as determined by the Registrar.
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