Removal of disability in creation of charge and mortgages

Notwithstanding anything to the contrary contained in the Orissa Co-operative Societies Act, 1962 or in any other law for the time being in force and notwithstanding that any land or interest therein stands already charged or mortgaged in favour of a Co-operative Society, it shall be lawful for an agriculturist to create a charge or mortgage on such land or interest therein in favour of a bank as security for any financial assistance given to the agriculturist by that bank.