section 112
Revolving Marketing Development Fund
The Meghalaya State Agricultural Produce and Livestock Marketing (Promotion and Facilitation) (Amendment) Act, 2022General2022140 sections12 chapters
Chapter X APPOINTMENT OF DIRECTOR AND ITS POWER AND FUNCTIONS
Statutory text
- (1) The Director shall maintain a separate “Revolving Marketing Development Fund” to account the receipts realized as contribution from licensees of private market yard, private market sub-yard, e-trading platform, direct marketing and from such other contribution including Market Committee.
- (2) Every Market Committee shall contribute five percent of its income derived from licence fees and market fees, as may be prescribed, to meet “Revolving Marketing Development Fund” maintained by Director.
- (3) The Director will spend the fund, so maintained under sub-section (1), in development of common marketing infrastructure, skill development, training, research and pledge financing and such other activities as will aid in creating an efficient marketing system in the State or Country.
Study data processing for this section.
PDF: pending for this language.