Amendment status not verified — confirm the current text below against the official source.
For Statement of Objccls and Reasons, see Orissa C~zette, Extra- ordinary, dated thc 19th Marcb 1975 (No. 574). 8 14 THE ORrssA AGRICULTURAL CREDIT OPERATIONS AND [Or. Act harvesting of crops, horticulture, forestry, plat~tiog and farming and cattle breeding, animal husbandry, dairy farming, seed farming, pisciculture, apicu! ture, sericulturc, piggery, poultry farming and such other activities as are generally carried on by agriculturists, dairy farmers, cattle breeders, poultr J farmers and G ther cate- gories of persfins engaged in similar acti- vities including marketing of agriculiural products, their storage and transport and the acquisition of implements and machi- nery in connection with any such activity and the expression " agricultural purpose" shall be const rued accordingly; (b) "agriculturist" means a person who earns income from agriculture; (c) "Asro-Industries Corporation" means a company or other body corporate, one of the principal objectives of which is to under- take activities connected with or intended for the development of agriculture and not less than uty-one per cent of the paid up share capital of which is held by the Central Government or by any State Government or Governments or partly by thecentral a~veanrnent and partly by one or more State Governments; (i) a banking company within the meaning of the BankJng Regulation Act, 19491 10 of1949 (ii) the State Bank of India constituted - . under the State Bank of India Act, 23 01 195s 1955; (iii) a subsidiary Bank within the meaning of the State Bank of India (Subsi- diary Ranks) ct, 1959; 3s of 1959 (iv) a corresponding new bank within the meaning of the Banking Companies Acquisition and Transfer of Under- , ,, ,,,, takings) Act, 1970; (v) Agricultural Refinance Corporation established under the Agricultural Refinance Corporation Act, 1963; 1.0 or 1963 (vi) the Agro-In dustries Corporation as defined in clause (c); Oriw Act 2 of 1963. (l!ii) the Agricultural Finance Corporation Litui! ed , a company incorporated under the Companies Act, 1956; and (stiii) any othe r financial institution notified by the State Government as ra b:rok for the purposes of this Act; (e) "co-operative saciety" means a co-opera- live society registered or deemed to be registered under ?he Orissa Co-operative Societies Act, 1962, the object of which is to provide financial assistance as defined in clause (f) to its rnernbe~ s and includes st I a d devtIopment b m k as defined in that Act; (!) ''financial assistance" for the purpose of this Act, means assistance granted by way of loans, advznces, guarantee or otherwise for agricultural purpose; (g) "Registrar of Co-operative Societies" means, the person appointed as such by the State Government under section 3 of the Orissa Go-operative Societies Act,