State Act

THE KARNATAKA AGRICULTURAL PRODUCE MARKETING (REGULATION AND DEVELOPMENT) ACT, 1966

64-E. Application of Market Development Assistance Fund.- (1) Subject to the provisions of this Act and rules made thereunder, the Market Development Assistance Fund may be utilized for the purpose of development of market yards of financially weak Agricultural Produce Marketing Committees: Provided that, the Fund may be utilized for any flagship program as suggested by the Chairman. (2) Such weak Agricultural Produce Marketing Committees shall submit project reports seeking financial assistance for undertaking the development of market yards in their jurisdiction, to the Committee as under sub-section (2) of section 64-D. (3) Administrating Committee while selecting the financially weak Agricultural Produce Marketing Committees seeking assistance, shall take into account the factors like trade potentiality, availability of resources with the Agricultural Produce Marketing Committee, backwardness of the region, location of the market and the impact on the trade after development etc.]1