Vidhi Codex

The Bombay Non-Agriculturists' Loans Act, 1928

The Bombay Non-Agriculturists' Loans Act, 1928

Finance19287 sections

This Act provides a legal framework for granting loans to non-agriculturists in Maharashtra for constructing, repairing, or rebuilding houses and boats, or for providing relief during distress when other loan schemes are unavailable. It empowers the government to make rules regarding these loans and their repayment. Crucially, the Act specifies that loans granted under this law must be recovered as if they were arrears of land revenue, allowing the Collector to enforce repayment through various means including seizing property or assets, ensuring the state can recover funds lent to these specific borrowers.

Start reading →Read full ActSections
  1. 1. Short title.
  2. 2. Extent.
  3. 3. Purpose for which loans may be granted.
  4. 4. Loans already granted to be deemed to have been granted under Act.
  5. 5. Recovery of loans.
  6. 6. Power to make rules.
  7. 7. Omitted.

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