Amendment status not verified — confirm the current text below against the official source.
Subject to the provisions of Section 44 the Market committee fund may be expended for the following purposes only, namely :- (i) the acquisition of a site or sites for the market yards; (ii) the establishment, maintenance and improvement of the market yards; (iii) the construction and repairs of buildings necessary for the purposes of the market and for convenience or safety of the persons using the market yard (iv) the maintenance of standard weights and measures; (v) the meeting of establishment charge including payment and contribution towards provident fund, pension and gratuity of the officers and servants employed by a Market Committee; (vi) loans and advance to the employees of the Committee; (vii) the payment of interest on the loans that may be raised for the purpose of the market and provisions of sinking fund in respect of such loans; (viii) the collection and dissemination or information relating to crop statistics and marketing of agricultural produce. (ix) expenses incured in auditing the accounts of the Market Committee; (x) Payment of honorarium to Chairman, travelling allowances of Chairman, Vice-chairman and other members of the Market Committee and sitting fees paybale to members for attending the meeting; (xi) Contribution to State Agricultural Marketing Board as prescribed and Consolidated Fund of the State to the extent required for salary of the employees of the Directorate of Marketing; (xii) Contributions to any scheme for development of agricultural marketing including transport and scientific storage. (xiii) to provide facilities like grading services and communication to agriculturist in the market area; (xiv) to provide for development of agricultural produce in the Market area; (xv) Payment of expenses on elections under this Act; (xvi) incurring of all expenses for research, extension and training in marketing of agricultural produce; (xvii) prevention, in conjunction with other agencies, State, Central and others distress sale of agricultural produce; (xviii) fostering co-operative marketing and assisting co-operative marketing societies in the procurement and organisation of profitable disposal of produce particularly the produce belonging to small and marginal farmers. (xix) any other purpose connected with the marketing of agricultural produce under this Act whereon the expenditure of the Market Committee fund is in the public interest subject to the prior sanction of the Director. CHAPTER-IX MARKETS OF NATIONAL IMPORTANCE Constitution of the Market Committee for Market of National Importance.