Powers of agricultural development banks to advance loans.

Subject to the provisions of this Act and the rules made thereunder, it shall be competent for the Agricultural Development Bank and the primary banks to advance loans for the following purposes, namely:- (a) land improvement and productive purposes; Explanation.— Land Improvement and productive purposes, mean any work, construction or activity which adds to the productivity of the land and, in particular, includes the following, that is to say, - (i) construction and repair of wells (surface wells, dug-cum-bore wells, tube wells and filter points), tanks and other works for the exploitation of surface and ground water and storage, supply or distribution of water for the purposes of agriculture, or for the use of cattle employed in agriculture and all types of irrigation; (ii) renewal or reconstruction of any of the foregoing works, or alterations therein, or additions thereto; (iii) preparation of land for irrigation; (iv) drainage, reclamation from rivers or other waters, or protection from floods or from erosion or other damage by water, of land used for agricultural purposes or waste land which is cultivable; (v) bunding, levelling, terracing and similar improvements; (vi) reclamation, clearance and enclosure or permanent improvement of land for agricultural purpose; (vii) horticulture and plantations including forest plantations; (viii) purchase of oil engines, pumping sets and electric motors for any of the purposes mentioned herein; (ix) purchase of tractors and other agricultural machinery; (x) purchase of draught animals and bullock carts and other carts; (xi) increase of the productive capacity of land by addition to it of special variety of soil; (xii) construction or repair of permanent farm houses, cattle sheds and sheds for processing of agricultural produce at any stage; (xiii) construction of stone-fence, barbed wiring fence or any other kind of fence for production of land including eastern wall; (xiv) purchase of land for consolidation of holdings; (xv) such other purposes as the Government may specify, from time to time, as land improvement and productive purposes for the purposes of this Chapter, by a special or general order; (b) development of dairy, poultry, piggery, sheep, goat and other livestock and inland and marine fisheries; (c) procurement of fishery requisites like fishing boats, mechanised or non-mechanised, fishing nets, twine, ropes and marine paint; (d) production of animal and poultry feed; (e) procurement and installation of equipments and machinery for processing, marketing and transportation of all agricultural products including products of animal origin like milk, meat, fish, eggs and manure and construction of buildings for any such purpose; (f) installation of gobar gas plants; (g) redemption of prior debts; (h) payment of purchase price by tenants for purchase of the right, title and interest of landlords under the Kerala Land Reforms Act, 1963 (1 of 1964), or compensation or other amount payable for the purchase of rights of landlords under any law for the time being in force; (i) any other purposes conducive to agricultural development as decided by the Board with the approval of the Registrar from time to time.