Exemption of certain classes of persons

Nothing in clauses (c),

1. (d) and
2. (e) of section 24, or in any other section which the State Government may, by notification in the official gazettee, specify, shall apply to the grant of a loan or the supply of machinery on the hire-purchase system involving the advance or expenditure of an amount not exceeding five hundred rupees to a person belonging to the Scheduled Castes or Scheduled Tribes or to a person whose annual income at the time of the application for State-aid did not exceed one thousand rupees, for the growth and develop- ment of small-scale industry or cottage industry.