Vidhi Codex

Bare Act

The Goa State-Aid to Industries Act, 1965

General19658 sections

This Act establishes a legal framework for the government to provide financial assistance to small scale and cottage industries within the Union territory of Goa, Daman, and Diu. By regulating the grant and repayment of these loans, the legislation aims to encourage economic development and support local artisans and small businesses. The law details the application process, sets repayment terms including interest, and outlines specific methods for recovering funds if borrowers default, ensuring the government can effectively manage the financial support provided to these sectors.

Start reading →Read full ActSections
  1. 0. Preamble
  2. 1. Short title, extent and commencement.
  3. 2. Definitions.
  4. 3. Power of State Government to grant loans to village and small scale industries.
  5. 4. Applications for loans.
  6. 5. Repayment of Loans.
  7. 6. Modes of recovery of loans.
  8. 7. Power to make rules.

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