Amendment status not verified — confirm the current text below against the official source.
(1) The Director shall maintain a separate Revolving Marketing Development Fund to account the receipts realized as contribution from licensees of private market yard, private market subyard, etrading platform, direct marketing and from such other contribution including Market Committee. (2) Every Market Committee shall contribute five percent of its income derived from licence fees and market fees, as may be prescribed, to Revolving Marketing Development Fund maintained by Director. (3) The Director will spend the fund, so maintained under subsection (1), in development of common marketing infrastructure, skill development, training, research and pledge financing and such other activities as will aid in creating an efficient marketing system in the State or Country.