Section 150

(a) The State Government may on the application of a co-operative society and subject to the availability of funds provide financial assistance under Clause(d) of Section 55 to the applicant society for any one or more of the following purposes :- (i) facilitating the production or disposal of goods by the members of the society; (ii) conducting and developing agricultural or industrial activities undertaken by the society; (iii) redemption of prior debts, purchase and improvement of land by the members of the society or construction of any project for providing irrigation, facilities for the benefit of its members; (iv) construction of dwelling houses by the society or by its members; (v) repayment of money previously borrowed by the society in accordance with its bye- laws; (vi) maintenance of staff for efficient management of the society; (vii) purchase of vehicles, machinery and equipment that may be necessary for carrying out the objects of the society; and (viii) any other object which the State Government may deem proper and which is provided in the bye- laws of the society. (b) The financial assistance granted to a co-operative society under sub-rule (a) shall be subject to such terms and conditions as the State Government may from time to time lay down by a general or special order.