Definitions

In this Act unless there is anything repugnant in the subject or context— (1) "Board" means the Board of Industries constituted under section 3 of this Act. (2) "Borrower" means an individual, company or association or body of individuals, whether incorporated or not, to whom or to which State aid has been granted under this Act. (3) "Company" means a company as defined in the Indian Companies Act, 1913. (4) "Director" means the [District Industries Officer of Chandigarh] [and includes any officer authorised by the [Central Government] to perform all or any of the functions of the Director under this Act]. (5) "Industry" means any industrial business or enterprise conducted or undertaken either by an individual or by a company, association or body of individuals, whether incorporated or not. (6) "Cottage Industry" means any industry carried on by a worker in his home and includes dairy farming, bee-keeping, lac-making and the keeping a poultry farm. (7) "Village Industry" means any industry which forms the normal occupation, whether whole-time or part-time, of any class of the rural population of the [Union Territory]. (8) "Machinery" includes plant, apparatus, tools and other appliances required for the purpose of carrying on any industrial operation or process. (9) "prescribed" means prescribed by rules made under this Act.