Bare Act

The Madhya Pradesh Co-operative Agriculture and Rural Development Bank Act 1999

The Madhya Pradesh Co-operative Agriculture and Rural Development Bank Act, 1999 provides the legal framework for the governance and operation of cooperative agriculture and rural development banks in the state. It applies to state and district development banks, cooperative financial institutions, appointed trustees, and rural borrowers seeking agricultural credit. The legislation empowers the state government to confer administrative and loan recovery powers of the Registrar upon bank officials and trustees. This law is crucial because it ensures structured, efficient financial assistance for long-term agricultural projects and rural development, strengthening credit delivery and facilitating effective debt recovery to support the agrarian economy.

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