Revolving Fund

(1) There shall be established a fund to called “Revolving Fund” ,which shall be utilized for marketing, sale purchase and processing of traditional and organic agricultural produce of the hilly areas of the State. (2) The Board may if it deems necessary, deposit the amount up to ten percent from the Uttarakhand Marketing Development fund in the revolving fund: Provided that if after utilizing the revolving fund for above mentioned purposes, any amount remains. Such amount may be utilized for purposes mentioned in sub-section (2) of Section 61: Provided further that the Board may deposit such maximum amount in revolving fund as may be determined by the State Government from time to time. (3) The Board may, with prior approval of the State Government, make regulations regarding the utilization of revolving fund, which are not inconsistent with this act and rules made thereunder.