Chapter III GENERAL PROVISIONS REGARDING THE GIVING OF STATE AID

Forms of State Aid.-The forms of the State aid which may be given may include the following, namely :-

1. (a) the grant of a loan ;
2. (b) the grant, sale or lease of land, raw material, firewood, timber, water or any other article the ownership of which is vested in Government ;
3. (c) the payment of a subsidy, in the case of a cottage industry or village industry for any purpose ; and in the case of any other industry for the conduct of research or the purchase of machinery ;
4. (d) the supply of machinery on the hire-purchase system ;
5. (e) the guarantee of a minimum return on the whole or part of the capital of a Joint Stock Company invested in an industry.

Industries to which several forms of State Aid may be given.-State aid may be given to-

1. (a) a new or nascent industry ;
2. (b) an industry to be newly established in an area where such industries are undeveloped ;
3. (c) a cottage industry or village industry ; or
4. (d) an industry which needs revival or development by modern methods.

Application for State Aid.-Applications for State Aid shall be made to the Director in such form and shall contain such information as may be prescribed.