Amendment status not verified — confirm the current text below against the official source.
Stateaid may Be given in all or any of theFormiof following forms:- Stataaid (a) the grant of a loan; (b) the giving of a guarantee in respect of a loan, cash credit, over-draft or h e d adva- nce with a Scheduled Bank, Life Tnsura- nce Cor oration, Co-operative Socicty, K or with t e Industrial Financial Corpora- tion of India, the Orissa Sfslte Financial Corporation or such other Industrial Finan- cing Agency as may be approved by the State Government; (c) the ,taking of shares or debentures; (4 the guarantee of a minimum return on the whole or part of the capit,tiI of a joint stock company fdr a period fixed in accordance with the rules made under this Act; ,fe) tbe underwriting of the issue of stocks, shares, bends or debentures By a limited jokt stock company; (f) the grant on favourable terms, .of InQd, raw mdte~ial, fuel, Water or any ojher property or right vested in the State Government subject to the provision of any law, rule or order for the timc being in force; (g) the phyment of subsidy- (1) in the case of Small-scalo or Cottage Iildu- stry, for one or more of the following pur- poses, namely: - ti) the durchase of land, machinery and equipment ; (ii) the construction of factory buildings, mgodowris, wells and sheds; (112-73 (a) Law) (iii) technical improvement to the machinery used in the industry; (iv) the employment of eEcient Manager nnd Supervisory personnel for a limited period; (Y) the training of workers employed in the industry; (pi) the conduce of research; or (vii) m y other purpose as tho State Govern- ment may, by notification, specify; (2) in the case of any other industry, for the conduct of res~arch or purchase af machi- nery or for any other purpose as tho State Government may, by notification, specify; (Ti) the supply of machinery on the hire purchase system including the guarantee of thc price of the machinery and equip- ment purchased by any industry on hire purchase agreement from the Nationa: Small-scale Industries Corporation or any other concern approved by the Sta'is Government; ([I the suppIy of eIectrica1 energy at coilcc: sionaI rates from a source which is tha property of the Statc Governmenl or the grant of subsidy or rebate on the sata (including mini m u charges) payable by any industry for supply of electricity t o it; ( j ) the lending of sorvices of experis or persons in the service of the Govermont for starting or advising an industry free of charge or on favourable terms; and (k) to any individual, by the grant of a Ioaa for the purpose of investment in the share capital of any Co-operative Sodety or any joint stock company within the rncxing of the Companies Act, 1956 1