Amendment status not verified — confirm the current text below against the official source.
(1) The District Co-operative Banks, as soon as may be after the coming into force of this scheme, Constitute a fund for the Primary Agricultural Credit Societies by name "the Deposit Guarantee Fund". (2) The corpus of the Fund shall be built up by contributions from the Primary Agricultural Credit Societies, District Co-operative Banks and the Kerala State Co-operative Bank at the rates specified hereunder:- (a) Primary Agricultural 10 paise for every deposit of Credit Societies hundred rupees or parts thereof. (b) District Co-operative 3 paise for every deposit of hundred Bank rupees or part thereof. (c) State Co-operative Bank 2 paise for every deposit of hundred rupees or part thereof. (3) The balance of funds if any available with the District Co-operative Banks under the scheme approved as per G.O.(Ms.) No. 71/95/Co-op. dated 31-3-1995 on the commencement of the scheme shall also be transferred to the corpus of the fund.