Vidhi Codex

Bare Act

The Tamil Nadu State Aid to Industries Act, 1922

General192229 of 20 sections available

This legislation regulates the provision of financial and material assistance by the state government to industrial enterprises across Tamil Nadu. It applies primarily to new, nascent, small-scale, cottage, and village industries, as well as established businesses essential to regional economic development. The law establishes a Board of Industries to evaluate applications for government aid, which can take the form of direct loans, subsidies, bank guarantees, concessional land or resources, and share subscriptions. By providing structured financial support, oversight, and incentives, the statute aims to stimulate industrial growth, promote rural employment, and foster economic self-reliance throughout the state.

Start reading →Read full ActSections
  1. 1. Short title
  2. 1-A. Definitions
  3. 2. Director of Industries and Commerce
  4. 3. Board of Industries
  5. 4. No aid except in accordance with the provisions of the Act
  6. 5. Industries to be aided
  7. 6. Method of giving State aid
  8. 8. Application for State aid and procedure in dealing with applications
  9. 9. Of loans
  10. 10. Loans how secured
  11. 10-A. Prohibition against transfer without permission of the sanctioning authority
  12. 10-B. Property not to be attached, etc., without permission of the sanctioning authority
  13. 11. Inspection and Returns
  14. 12. Control of Government
  15. 13. Repayment of loans
  16. 14. Guaranteeing of cash credit or of loan by banks
  17. 14-A. Section 14-A
  18. 15. Subscription for shares and debentures or guarantee of a minimum return on capital
  19. 16. Repayment of grant of electric energy
  20. 17. Disposal of profits if conditions of State aid is not fulfilled
  21. 17-A. Power of Director to grant aid
  22. 17-B. Grant of aid to small-scale industries by authorized officers
  23. 17-C. Appeal
  24. 17-D. Government's power to call for and examine record
  25. 18. Recovery of money due
  26. 18-A. Exemptions
  27. 19. Power of Government to make rules
  28. 20. Powers of the State Government as regards starting or conducting industries and giving aid of certain kinds.
  29. 3(4). Restriction on participation in Board meetings

Some statutory text is still being prepared for this language version.

PDF: pending for this language.