Application of Chapter to Agricultural Development Banks

The provisions of this Chapter shall apply to the Agricultural Development Banks advancing loans for the purposes herein enumerated, that is to say- (i) land improvement and productive purposes; (ii) the erection, rebuilding or repairing of houses for agricultural purposes; (iii) the purchase or acquisition of title to agricultural lands by tenants; or (iv) the liquidation of debts of agriculturists under the relevant law for the time being in force; (v) the acquisition, construction, rebuilding or repairing of rural dwelling houses. Explanation.— Land improvement or productive purpose means any work, construction or activity which adds to the productivity of the land and, in particular includes the following, that is to say- (a) construction and repair of wells (including tube wells), tanks and other works for the storage, supply or distribution of water for the purpose of agriculture, or for the use of men and cattle employed in agriculture; (b) renewal or reconstruction of any of the foregoing works, or alterations therein, or additions thereto; (c) preparation of land for irrigation; (d) drainage, reclamation from rivers or other waters, or protection from floods or from erosion or other damage by water, of land used for agricultural purposes or waste land which is cultivable; (e) binding and similar improvements; (f) reclamation, clearance and enclosure or permanent improvement of land for agricultural purposes; (g) horticulture; (h) purchase of oil-engines, pumping sets and electrical motors for any of the purpose mentioned herein; (i) purchase of tractors or other agricultural machinery; (j) increase of the productive capacity of land by addition to it of special variety of oil; (k) construction of permanent farm houses, cattle sheds, and sheds for processing of agricultural produce at any stage; (l) purchase of machinery for crushing sugarcane, manufacturing gur or Khandsari or sugar; (m) such other purpose as the Government may specify from time to time, by notification in the Telangana Gazette.