section 6
Method of giving State aid
The Tamil Nadu State Aid to Industries Act, 1922Subject to the provisions of this Act and of the rules framed thereunder, the State Government shall have power to give aid to an industrial business or enterprise in one or more of the following ways :-(a) by granting a loan ; (b) by guaranteeing a cash credit, overdraft or fixed advance with a bank ; (c) by paying a subsidy for the conduct of research or for the purchase of implements or machinery or for any other specific purpose ; (d) by subscribing for shares or debentures ; (e) for guaranteeing a minimum return on part of the capital of a joint-stock company ; (f) by making a grant on favourable terms of land, raw material, firewood or water, which is the property of the State; (g) by supplying at concessional rates electric energy from a source which is the property of the State.
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