Vidhi Codex

The Kerala Agriculturists Loans Act, 1961

The Kerala Agriculturists Loans Act, 1961

Finance196114 sections3 chapters

The Kerala Agriculturists Loans Act of 1961 regulates government loans for agricultural improvements and distress relief in the state of Kerala. Applying to local landowners and farmers, it outlines how loans are issued for projects like building wells, installing irrigation, or purchasing farming seeds and tools. This law matters because it provides key financial support to help farmers modernize their fields, boost their crops, and recover from severe economic distress. Additionally, it safeguards public funds by dictating clear rules for interest rates, repayment periods of up to twenty years, and recovering unpaid debt directly through standard land revenue collection procedures.

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Part I PRELIMINARY

  1. 1Short title, extent and commencement.
  2. 2Definitions.

Part II LAND IMPROVEMENT LOANS

  1. 3Purpose for which loans may be granted under this Part.
  2. 4Mode of dealing with application for loans.
  3. 5Period of repayment of loans.
  4. 6Subsequent encumbrances void against Government.
  5. 7Recovery of loans.
  6. 8Order granting loan conclusive on certain points.
  7. 9Power to make rules.
  8. 10Power to make rules
  9. 11Recovery of loans.

Part IV MISCELLANEOUS

  1. 12Liability of joint borrowers as among themselves.
  2. 13Repeal.

PDF: pending for this language.