Himachal Pradesh Backward Classes (Grant of Loans) Act, 1969
The Himachal Pradesh Backward Classes (Grant of Loans) Act, 1969
This Act establishes a framework for the Himachal Pradesh government to provide interest-free financial assistance to individuals belonging to "backward classes." It defines these classes as members of Scheduled Castes and Scheduled Tribes, or individuals with an annual income below two thousand rupees. The law outlines the application process, requiring applicants to submit affidavits and potentially provide sureties. It sets a maximum loan limit of two thousand rupees, repayable in twenty half-yearly installments starting four years after disbursement. The Act empowers authorities to inspect the use of funds and recover loans as land revenue if conditions are violated.
- 1. Short title, extent and commencement
- 2. Definitions
- 3. Limit of loan
- 4. Procedure for sanctioning loans
- 5. Security for repayment of loans
- 6. Provided that the controlling authority may, in any case, for reasons to be recorded in writing, exempt any applicant from furnishing a surety.
- 7. Provided that the repayment of instalments shall not commence before the expiry of four years from the date of payment of the loan.
- 8. Consequence of failure by borrower to comply with provisions of section 7
- 9. Appeal
- 10. Mode of recovery
- 11. Finality of decision of Government
- 12. Legal proceedings
- 13. Power to make rules
- 14. Repeal and savings
PDF: pending for this language.