Amendment status not verified — confirm the current text below against the official source.
(4) It shall be the duty of the Board to promote by such measures as it thinks fit, the cultivation, Processing and marketing of commercial crops in the State. (5) Without prejudice to the generally of the provisions contained in sub-section (1) the measures referred to therein may include:- (a) Advising the cultivators in land use and land development particularly for cultivation of commercial crops; (b) Motivating cultivators to take up cultivation of commercial crops and assisting them with technical advice; (c) Exploring, as far as may be, possibilities of introducing new cultivation techniques; (d) Assisting cultivators to procure quality seeds and other input; (e) Advising any person interested in setting up processing units and assisting him in establishing linkages with factories and other processing units or with a commodity Board; (f) Creating marketing infrastructure and finding outlets for the produces; 1 "(g) Motivating cultivators to take up Commercial Nurseries to raise quality seed or crops planting, Materials; (h) extending into financial assistances to cultivators and entrepreneurs in processing and Marketing to help them achieve the objective; " 2 "(i) entering into financial agreement with commodity Board, Bank or any other Financial Institution for the promotion and execution of any Commercial Crops Development Scheme; (j) mortgage or properties of the Board as security for obtaining credit from Banker or any Financial Institution; (k) Granting or advancing loans to any Cooperative Society registered under the Meghalaya Cooperative Societies Act (Assam act 1 of 1948 as adapted by Meghalaya) or any recognized group or any individual; (l) assisting with advance any person engaged on the Cultivation, process or Marketing of Commercial Crops in getting, financial assistance from Banks and other financial Institutions or assistance from a Commodity Board and. (m) any other measure as may be considered necessary for the purpose of promoting and developing the cultivation of Commercial Crops. " (3) Notwithstanding anything contained in this section the Board may, with approval of the State Government, by itself borrow, money from banks and financial and other institutions and advance the same to cultivators or persons engaged in processing and marketing of commercial crops on such terms and conditions as may by rules be prescribed. 3 "(4) Subject to the provisions of this Act and Rules framed thereunder, the Board may, in the event of failure of a Loanee to repay the load taken, temporarily take possession of the land mortgaged or hypothecation of the produce/harvest to be affected by transaction of marketing/trading by the board till such time the loan with accrued interest are fully recovered. (5) As soon as the Loanee could repay the loan with accrued interest the Board shall release to the Loanee the land so temporary taken over by it. (6)Notwithstanding anything contained in this Act the Board may, with the prior approval of the State Government acquire lands for the purpose of raising its own plantations or nurseries or any crop or for demonstrating new techniques of raising planting materials or cultivation or for the purpose of establishment of its office processing units or storage or marketing units and in such case the provisions of land Acquisition Act, 1994 shall apply. "