No State-aid to be given save in accordance with provisions of this Act

No State-aid shall be given to any industry, except Agriculture save in accordance with the pro- visions of this Act : Provided that nothing in this Act shall apply-

1. (1) to any State-aid given in the form of the grant of a loan to any industrial concern as defined in the State Financial Corpora- tions Act, 1951, through the agency of the State Financial Corporation in pursuance of clause
   • (ee) of sub-section
     • (I) of section 25 of that Act ; or
2. (2) to any State-aid given to a sick industry ; or
3. (3) to any State-aid in the form of a guarantee given to any industry which is a public undertaking ; or
4. (4) to the power of the State Government to start or conduct an industry for experi- mental purposes with a view to stimulating industrial development ;
5. (5) to assist an industry by giving free of charge or on favourable terms, the services of Government officials or experts either in the capacity of advisers or for a limited period not exceeding one year for starting or conducting such industry ;
6. (6) to assist an industry in connection with industrial education or the training of apprentices ;
7. (7) to acquire land under the provisions of the Land Acquisition Act, 1894, for a company ;
8. (8) to assist a company formed for the purpose of supplying electricity, gas, water or any other service which in the opinion of the State Government is likely to prove useful to the public ; or
9. (9) to assist a village industry in any manner which may be determined by the State Government. Explanation-For the purposes of this section-
   • (i) "sick industry" shall mean an industry which continuously fails to generate internal surplus and depends for its running on financial aid from outside ;
   • (ii) an industry shall be deemed to be a public undertaking if it is owned by-
   • (a) a Government company within the meaning of the Companies Act, 1956 ;
   • (b) any corporation established by law which is owned, controlled or managed by any Government ;
   • (c) a Grama Panchayat constituted under the Orissa Grama Panchayat Act, 1964 ; or
   • (d) A Panchayat Samiti constituted under the Orissa Panchayat Samiti Act, 1959.