The Telangana Agricultural Improvement Fund Act, 1952
The Telangana Agricultural Improvement Fund Act, 1952
The Telangana Agricultural Improvement Fund Act of 1952 establishes a dedicated state fund financed by license fees collected from foodgrains trade and procurement. Administered by the state finance department on behalf of the governor, this law regulates how money is deposited, stored, and withdrawn. It applies to state administrators, lawmakers, and agricultural authorities who oversee these public funds. This legislation matters because it secures a specific revenue stream exclusively for agricultural development, ensuring that commercial licensing fees are directly reinvested into farming initiatives under the strict supervision of a joint committee of officials and elected state legislators.
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