Amendment status not verified — confirm the current text below against the official source.
Definitions: In this Act, unless there is anything repugnant in the subject or contexf (a) "Agriculture activity and purpose" include making land fit for cultivation, cultivation of land, improvement of land, including development of sources of irrigation, raising and harvesting of crops, planting and farming and cattle breeding, agriculture, sericulture, animal husbandary, horticulhue, pisciulture, dairy farming, poultry farming, forestry, piggery, beekeeping, growing of fits, vegetables and the like, raising of crops, grass or garden produce, keeping or breeding of liwstocks, grazing andsuchother allied activities includingmarketing of agricultutal products, their storage and transport and the acquisition of implements and machinery in connection with such activity. (b) "Ban!? means and includes - (viii) A "Bank" included in the second schedule to the reserve bank of India Act, 1934 (Act No. 28 of 1934). The State Rank of India constitutedunder the State Bank of India Act, 1955 (Act No. 23 of 1955). A Subsidiary Bank as defined in the State bank of India (Subsidiary Banks) Act, 1959 (Act No. 38 of 1959). A corresponding 'Wew Bank" as constituted in the banking Companies (Acquisition and transfer ofundertakings)Act, 1970 (ActNo. 5 of 1970. A "Co-operative Ban!? as defined in Section 56 of Banking Regulation Act, 1 949. ABanking Company as defined in the Bank Regulation Act, 1949. A Regional Rural Bank constituted under the regional Rural Bank Act, 1976 (No. 21 of 1976). Any other financial institution notified by the State Government in the OEcial Gazette as a bank for the purpose of thisAct. "Certificate Officer" has the same meaning as in clause (3) of Section of the Bengal Public Demands Recovery Act, 1913 (Bengal No. of 1913). "Financial Institutions" means:- Acompany of a body corporate as defined in the Companies Act, 1956 (no. 1 1056 or A society registered under the Societies registration Act, 1860 (Act xxi of 1961), which is engaged in financing activities or has been constituted by any law for the time being in force and which is either owned by, or in which the majority shares are held by the State Government. "Industrial Activity" and "Purpose" include and activity or purpose for providing goods or services. "Persons" includes group of persons or a partnership firm or a limited company, either private or public, or a co-operative Societies registered under the Assarn Co-operative Societies Act, 1949 (Act No. 1 of 1950) applicable in the State ofNagaland. "Prescribed" means prescribed by rules made under this Act. "Scheme" means a scheme framed and 1 or approved for the purpose of this Act by the State Government for providing opportunities for employment or for assisting agricultural or industrial activities and purposes. "State Government" means the State Government of Nagaland.