Amendment status not verified — confirm the current text below against the official source.
(1) Exwpt in the case of co-operative subs~dirs societies and persons trained in particular trades at Government cost, no subsidy shdl exceed the pres cribed percentage of the cost involved in the purposes for which the subsidy bas been granted. (2) Tho condition of grant of subsidy to industries, other than smaI1-scale or cottage industries, for the conduct of research or the urchase of B machinery or of any other payment un er guarantee of minimum return. on the paid-up capital or the grant, on favourable terms, of land, raw materids, firewood, water or other property of the State Government or of ihe supply of electrical energy at concessional rates from a source which is the property of the State Government, s h d ordinarily be that such State-aid shall be discontinued if the industry be shown to the satisfaction of the State Government to be earning profit in excess of such rate as may be prescribed.