Bare Act

The Manipur Town and Country Planning (Amendment) Act, 1976

The Manipur Town and Country Planning (Amendment) Act, 1976 amends the state's main 1975 planning legislation to strengthen financial backing for public development initiatives. It empowers the Manipur State Government to guarantee the repayment of both principal and interest on loans borrowed by regional planning authorities from major institutions, such as the Life Insurance Corporation of India and other financial organizations. This law applies to state government departments, local planning authorities, and institutional lenders. By providing a state-backed guarantee, the amendment facilitates easier access to credit, enabling planning authorities to secure necessary funding to execute town development plans and public infrastructure schemes.

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