Bare Act

The State Financial Corporation (Extension of Nagaland) Act, 2002

This Act extends the State Financial Corporation Act of 1951 to the state of Nagaland. The original legislation establishes State Financial Corporations to provide financial assistance, such as loans, to industrial units within the state. By applying this law to Nagaland, the government ensures the state has the necessary legal framework to support industrial development and economic growth through these specialized financial institutions. This measure allows the state to promote and finance industries, thereby boosting the local economy and creating employment opportunities.

PDF: pending for this language.