The Rajasthan Scheduled Debtors (Moratorium on Debts) Act, 1976
The Rajasthan Scheduled Debtors (Moratorium on Debts) Act, 1976
The Rajasthan Scheduled Debtors Act of 1976 provides temporary financial relief to vulnerable rural populations, specifically agricultural laborers, marginal or small farmers, and rural artisans facing debt distress. The law regulates debt recovery by freezing ongoing lawsuits, court decrees, and foreclosure actions, while banning new debt collection suits against these debtors during a designated moratorium period. Debts owed to banks and the government are excluded. This legislation matters because it prevented aggressive debt enforcement and asset seizures, protecting the livelihoods, crops, and land of impoverished rural families from private money lenders during times of severe economic hardship in the state.
- 1. Short title, extent and commencement
- 2. Definitions
- 3. Inapplicability of the Act to certain debts and liabilities.
- 4. Fixation of Prescribed Period
- 5. Moratorium on debts
- 6. Power to issue certificate
- 7. Presumption and burden of proof
- 8. Instalment decrees
- 9. Computation of the Period of limitation
- 10. Restriction on transfer
- 11. Repeal
PDF: pending for this language.