Vidhi Codex

The Himachal Pradesh Scheduled Castes Development Corporation Act, 1979

The Himachal Pradesh Scheduled Castes Development Corporation Act, 1979

General197940 sections

This legislation establishes the Himachal Pradesh Scheduled Castes and Scheduled Tribes Development Corporation to promote the economic welfare and social upliftment of Scheduled Castes and Scheduled Tribes across the state. It regulates the establishment, capital structure, governance, and powers of the Corporation, enabling it to formulate schemes for agricultural development, small-scale industries, marketing, and trade. The law applies to marginalized communities in Himachal Pradesh, micro-enterprises, and financial institutions involved in social welfare credit. It matters because it empowers underprivileged groups by facilitating access to loans, margin money, subsidies, technical guidance, and credit guarantees, driving sustainable self-employment and economic independence.

Start reading →Read full ActSections
  1. 1. Short title
  2. 2. Definitions
  3. 3. Establishment of Himachal Pradesh Scheduled Castes and Scheduled Tribes Development Corporation
  4. 4. Head office of Corporation
  5. 5. Capital of Corporation
  6. 6. Management
  7. 7. Board of directors
  8. 8. Term of office
  9. 9. Disqualification of office of director
  10. 10. Director not to participate in certain cases
  11. 11. Resignation
  12. 12. Meetings
  13. 13. Managing director
  14. 14. Defect in appointment not to invalidate acts, etc
  15. 15. Officers and other employees of the Corporation
  16. 16. Functions of Corporation
  17. 17. Corporation to maintain seven funds
  18. 18. Land Development and Finance Fund
  19. 19. Guarantee-Fund
  20. 20. Bad Debts Fund
  21. 21. Provided that nothing herein shall be deemed to debar the State Government from giving such amount by way of additional grant for being credited to this Fund as it may think fit.
  22. 22. Grant-in-aid and Subsidies Fund
  23. 23. Loan Fund
  24. 24. Power to impose conditions for loans
  25. 25. Provided that the rate of interest chargeable on such loans/margin money, shall be fixed by the Corporation with the approval of the State Government from time to time.
  26. 26. Recovery of money due to the Corporation
  27. 27. Charge of Corporation on debtor's property
  28. 28. Accounts
  29. 29. Audit
  30. 30. Dissolution of Board
  31. 31. Consequences of dissolution of the Board
  32. 32. Bar of jurisdiction
  33. 33. Protection of action taken in good faith
  34. 34. Employees to be public servants
  35. 35. Indemnity of directors
  36. 36. Exemption from registration fee and stamp duty
  37. 37. Provided that exemption from payment of stamp duty shall apply in the case of such instruments only as are specified in Schedule I-A to the Indian Stamp Act, 1899 (2 of 1899).
  38. 38. Power to make rules
  39. 39. Power to remove difficulties
  40. I. SCHEDULE

PDF: pending for this language.