Amendment status not verified — confirm the current text below against the official source.
(1) The Government may, by notification in the Gazette, frame a scheme to be called "the Co-operative Revival Fund Scheme" for establishing a fund for the purpose of reviving societies which are weaker or remain in dormant position due to certain extraordinary situation by providing financial assistance subject to such terms and conditions to be specified in the scheme and shall be administered in such manner as may be prescribed. (2) There shall be earmarked to the fund,-- (a) an amount which is not more than fifty percent of the reserve fund, referred to in clause (a) of sub-section (1) of section 56; and (b) not more than fifty per cent of the Agriculture Credit Stabilization Fund set apart by Agricultural Credit Societies from their net profit; as and when required; (c) such fund that may be granted by Government from time to time; and (d) any other amount which under the provisions of the scheme may be credited to the fund.] Inserted by Act 9 of 2024 published in K.G.Ext. No.1829 dt. 07/06/2024 (w.e.f. 07/06/2024).