Lending to a Tribal

General197613 sections

Statutory text

(1) Notwithstanding anything contained in any law for the time being in force or any contract or other instrument having force by virtue of any such law, any lending, whether in cash or kind, for any purpose whatsoever, either without any security or on the security of any property, made by any person to a Tribal before the appointed date, shall be deemed to be invalid and void ab initio, and thereupon the provisions of the Maharashtra Debt Relief Act, 1975, shall apply to such invalid and void debts as they apply to debts which are deemed to be wholly discharged under that Act. Explanation.—For the purposes of this sub-section, "a Tribal" means a Tribal who is either a marginal farmer, a rural artisan or a rural labourer, [and who is not an assessee under the Income-tax Act, 1961, on the appointed date] or who on the appointed date holds land not more than 9 hectares of unirrigated land or 3 hectares of perennially irrigated land. Where a Tribal holds unirrigated land as well as perennially irrigated land, one hectare of perennially irrigated land shall be considered as equivalent to three hectares of unirrigated land. 10. [Deleted.]

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