State Act
Section 5. Establishment of Divisional Agriculture Debt Settlement Forum.
THE PUNJAB SETTLEMENT OF AGRICULTURAL INDEBTEDNESS ACT, 2016.
2[5. (1) The Government shall establish a Divisional Agriculture Debt Settlement Forum (hereinafter referred to as Form) at every division of the State to carry out the purposes of this Act within the territorial jurisdiction of such division. (2) The Forum shall consist of three members including a Chairman and two members, to be nominated by the Government. (3) The Chairman of the Forum shall be the Commissioner of the division and two ex-officio members to be nominated, by notification, one each from the Department of Agriculture and Revenue. (4) The Forum shall have the jurisdiction to make settlement between the debtor and his creditor if- (i) the loan has been taken by the debtor or provided by the creditor for agricultural purposes; and (ii) the total debt of the debtor does not exceed rupees fifteen lacs.]