Board.

Revolving Marketing Development Fund.

1. (1) The Managing Director shall maintain a separate Revo1viflg Markcting Development Fund" to account the receipts realized as contribution from licensees of private market yard private 15, May, 2020 The Nagaland Gazette, Part- V market sub-yard, c-trading platform. direct marketing and from such other contribution including Market Committee.
2. (2) Every Market Committee shall contribute live percent of its income derived from licence fees and market fees. as may be prescribed. to"Revolving Marketing Development Fund" maintained by Managing Director. (3)The Managing Director wilt 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.