Vidhi Codex

Bare Act

The Tamil Nadu Indebted Agriculturists and Indebted Persons (Special Provisions) Act, 1976

General19766 sections

The Tamil Nadu Indebted Agriculturists and Indebted Persons (Special Provisions) Act, 1976 provides temporary financial relief to struggling farmers and indebted individuals across Tamil Nadu. The legislation specifically regulates the accrual of interest on pre-existing debts owed by eligible debtors prior to July 22, 1975. Under this law, no interest accumulated on these existing debts during the specific period from July 22, 1975, to January 15, 1976, though new debts taken after July 22 accrued interest normally. Overriding conflicting contracts and laws, this measure mattered because it temporarily halted mounting interest burdens, helping vulnerable rural and low-income borrowers manage their debts.

Start reading →Read full ActSections
  1. 1. Short title and extent.
  2. 2. Definitions.
  3. 3. Interest not to accrue during certain period on certain debts.
  4. 4. Amendment to Tamil Nadu Act XXIII of 1943
  5. 5. Act to override other laws, contracts, etc.
  6. 6. Repeal and saving.

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