Vidhi Codex

The Odisha State-Aid to Industries Act, 1978

The Odisha State-Aid to Industries Act, 1978

General197839 sections5 chapters

The Orissa State-Aid to Industries Act, 1978 establishes a structured legal framework for providing state financial aid, subsidies, loans, guarantees, and hire-purchase machinery to industrial enterprises across Orissa. It applies primarily to small-scale businesses, cottage industries, artisans, and cooperative societies operating within the state. The legislation creates a Board of Industries to advise on assistance applications, set repayment terms, and monitor government-backed projects. By establishing clear guidelines for financial assistance, technical support, and resource concessions, this law aims to stimulate regional economic growth, foster local entrepreneurship, and encourage industrial development, particularly in designated backward regions and for marginalized communities.

Start reading →Read full ActSections

Chapter I PRELIMINARY →

  1. 1Short title, extent and commencement
  2. 2Definitions

Chapter II GENERAL PROVISIONS REGARDING THE GIVING OF STATE-AID →

  1. 3Constitution of Board of Industries
  2. 4Forms of State-aid
  3. 5Delegation of powers to give certain forms of State-aid
  4. 6Industries to which several forms of State-aid may be given
  5. 7Application for State-aid

Chapter III Chapter III →

  1. 8Limitation of amount of loan
  2. 9Explanation—For the purpose of such valuation the additional assets which may be created by the grant of such State-aid may be taken into account to such extent as may be prescribed.
  3. 10Inspection and returns
  4. 11Provided that before requiring any grantee to comply with any of the recluirements of this section, notice shall bs given to him in the proscribed manner.
  5. 12Guaranteeing of cash credit with Banks
  6. 13Termination of State-aid
  7. 14Repayment of loans
  8. 15Power of State Government to recover loan
  9. 16Subscription for shares or debentures or guarantee of minimum return of capital
  10. 17Subsidies
  11. 18Disposal of profits when conditions of State-aid not fulfilled
  12. 19Government control of aided industries
  13. 20Recovery of money due under this Chapter
  14. 21Levy of fees

Chapter IV SUPPLY OF MACHINERY ON THE HIRE PURCHASE SYSTEM →

  1. 22Percentage of cost to be deposited by hirer
  2. 23Particulars to be specified in the order when application is allowed
  3. 24Conditions of supply of machinery on Hire purchase system
  4. 25Consequence of default by the hirer
  5. 26Option of hirer to purchase machinery seized in default
  6. 27Termination of hiring by hirer
  7. 28Liability of hirer on termination of hiring under sections 24 and 26
  8. 29Termination of hiring on payment of cost of machinery
  9. 30Provided that if at any time during the hiring the hirer pays in advance the remaining instalments of rent, the interest payable in respect thereof shall be remitted.
  10. 31Recovery of sums due under this Chapter

Chapter V MISCELLANEOUS →

  1. 32Supersession of Board
  2. 33Removal of member
  3. 34No State-aid to be given save in accordance with provisions of this Act
  4. 35Remission of interest
  5. 36Exemption of certain classes of persons
  6. 37Finality of decision of State Government and bar of suits and proceedings in Civil and Criminal Court
  7. 38Power to make rules
  8. 39Repeal and savings

PDF: pending for this language.