Amendment status not verified — confirm the current text below against the official source.
No State-aid shall be given to any industry, pb::~:id except Agriculture save in accordance with the pro- save rn visions of .this Act : accordaue with pro- .:-:Provided that nothing in this Act shll apply- visions of this Act. ' (I) t o any State-aid given in the form of the grant of a loan to any industrial concern ' , ' , . a s defined in the Siate Finaricial ,Corpora- 63 or 1951 tions , Act, 195 1, through :the agency of the ~i . , . , State Financial Corporatjon in persuance ,I ., .: . , . ., . 4f cIquss (ee) bf sub-s$-ctiori (I) of 'section - 2 5 of that'Act ; or I . , . . . . . . / . ' . , . . . (2) i~ any Stateyaid given tp''siek, industry ; or (3) to any State-aid in t;he*form-a£ a guarantee . : giyen , to - spy, industry whjch is a publio 'iiidertahng ;. or : . . ' , , , . , ,,,- '*! '. . , . (4) to the power of the State ~ohernment to- : , (4-:start .or conduct an- ,hdhstr,y ' &pr experi- . . / ? [ . . - . . 1; " ! ;, ,' , . , " lmental purposes 'hith a view to .-, . , . .. . , . stimul-ati ng industrial develop-meqt ; ;. .r : , I . , < . : , I ;. . . f - j ! f , , + ,, *' !. . ,. 0 ; - b ! f - > C) .ass~st!kn sintlustry 'by giving f r e e - ~ f k h & f s ok OP &.jbur&ble teri-rs, t5e seijyi&esr-df , : ... 1 : , . . . . aovehmedt 6fficials or, experts ei thtir 4 ! ' I ' in ,the c,apacity of advisers or for a liuitred '-period not Weding one year:for ' stardng or conducting such industry ; , ' (a) assist an industry m mnnecti~~ with .. industrial education or the tr'aiairtg of . . -: . . . apprentices ; I . . I( ..I . ::;::>: :. - . acidire land unaer .t!le prpyisiqns .df fie ,,,,, . i i ; -. . : Land, Acquisition Act, 1-89,4, 'for a !.,.,. !. : company,; . - (f) assist a company formed for the purpose of supplying electricity, gas, water or any other service which in the opinion of the State Government is likeIy to prove useful to the public ; or (g) assist a village industry in any manner which may be determined by the State Government. Explanation-For the purposes of this section- (i) "sick industry" shall mean an industry which continuously fails to generate internal surplus and depends for its running on mancia1 aid from outside ; (ii) an industry shall be deemed to be a pubIic undertaking if it is owned by- (a) a Government company witbin the meaning of the Companies Act, 1956 ; r of l@jl (b) any corporation established by law which is owned, controUed or managed by any Government ; (c) a Grama Panchayat constituted under the Orissa Grama Panchayat Act, 1964 ; %&: or (d) A Panchayat Samiti constituted under the Orissa Panchayat Samiti Act, 1959. p,h9id Rtmiskn of