The Telangana State Aid to Industries Act, 1976
The Telangana State Aid to Industries Act, 1976
This Act establishes a framework for the Telangana state government to provide financial aid and advisory support to cottage, small-scale, and village industries. It creates a Board of Industries to evaluate applications and guide the granting of loans for purchasing machinery, land, raw materials, or hiring technical experts. The law empowers the government to inspect aided businesses, monitor financial management, restrict unauthorized transfers of secured property, and recover unpaid funds as arrears of land revenue. By offering accessible capital and technical assistance to small local enterprises, this law aims to stimulate regional economic development, encourage industrial growth, and foster job creation.
Chapter II BOARD OF INDUSTRIES. →
Chapter III GENERAL PROVISIONS REGARDING THE GRANT OF AID. →
- 4Industries to which aid may be given.
- 5Grant of aid by the Government.
- 7Application for aid and procedure to be followed in certain cases.
- 9Prohibition of transfer of property without permission of the sanctioning authority.
- 10Courts not to attach, sell, etc., without permission of the sanctioning authority.
- 11Inspection and returns.
- 12Director to exercise powers of Government under sections 8 and 11 in certain cases.
- 13Control of business by Government in certain cases.
- 14Repayment of loans.
- 15Training of Apprentices by recipient of aid.
- 16Disposal of profits when condition of aid is not fulfilled.
- 17Power of Government to terminate aid on account of default.
- 18Fees.
- 19Power of Government as regards starting or conducting industries and giving aid of certain kinds.
Chapter IV MISCELLANEOUS. →
PDF: pending for this language.