Amendment status not verified — confirm the current text below against the official source.
(b) Collector"" means a Collector of the district and includes any person appointed by the State Government to perform the func tions of a Collector under this Act : (c) "Corporation" means the Punjab Financial Corporation established under the State Financial Corporations Act, 1951 and includes any other corporation owned or controlled by the Central Go vernment or the State Governmnent which the State Government may, by notiication specify ; (d) Financial Assistance" means any financial assistance ) for establishing, expanding, modernising, renovating or running any industrial undertaking ; or (ii) for purposes of vocational training ; or (iii) for the development of agriculture, horticulture, animal hus bandry or agro-industry ; or (iv) for purposes of any other planned development () for relief against distress ; (e) Government Company" means a Government company as defined in section 617 of the Companies Act, 1956 ; () "Industrial Concern" has the meaning assigned to this expression in the State Financial Corporations Act, 1951 ; (g) Industrial Undertaking" includes an undertaking for the manu facture, preservation, storage or processing of goods, or mining, or hotel keeping, or transportation of passengers for goods, or generation or distribution of electricity or any other form of power, or development of any contiguous area of and as an industrial estate; or Explanat ion.--The expression "processing of goods" includes any art or process for producing, preparing or making an article by subjecting any material to a manual, mechanical, chemical, elect rical or any other like operation ; (h) "State-sponsored scheme" means a scheme sponsored by way o! financial assistance by the State Government under which it ) advances money to a Corporation or a Government Company for the purpose of disbursing loans, advances or grants or ror the purpose of sale of goods on credit or hire-purchase ; or PUNJAB GOVT GAZ. (EXTRA.), APRIL 16, 1985 ! (CHTR. 26, 1907 SAKA) (vii) a regional rural bank constituted under the Regional Rural Banks Act, 1976; or (viii) a corresponding new bank constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act,