State Act

THE UTTAR PRADESH AGRICULTURAL CREDIT ACT, 1973

2. In this act unless the context otherwise requires---- [“(a) agriculture’ and ‘agricultural purpose’ includes making land fit for cultivation, cultivation of land improvement of land (including development of sources of irrigation), raising and harvesting of crops, horticulture, forestry cattle breeding, animal husbandry, dairy farming, piggery, poultry farming, seed farming, pisciculture, apiculture, sericulture and such other activities as are generally carried on by persons engaged in any of the aforementioned activities and also included---- (i) marketing of agricultural products, their storage and transport; (ii) the acquisition of implements and machinery in connection with any such activity; (iii) the acquisition of gobar-gas plants; and (iv) the establishment and maintenance of agro-service centers ; Explanation:- For the purposes of this clause, the expression "agro-service centre" means a place or a shop where the entrepreneurs, trained by the U. P. State Agro-Industrial Corporation Limited, carry on the sale of seeds, fertilizers, insecticides, pesticides or other goods of agricultural use or agricultural operations in respect of land held by others by tractors or other mechanized process on hire or repair of the agricultural implements;]1 (b) "agriculturist" means a person who is engaged in agriculture; (c) "bank" means :- (1) a banking company, as defined in the Banking Regulation Act, 1949 ; (2) the State Bank of India constituted under the State Bank of India Act, 1955; (3) a subsidiary Bank, as defined in the State Bank of India (Subsidiary Banks) Act, 1959; . (4) a corresponding new Bank constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 ; [(5) a financing bank or Central Bank (as defined in the Uttar Pradesh Co-operative Societies Act. 1965) not being a land development bank;]2 (6) the Agricultural Refinance Corporation constituted under the Agricultural Refinance Corporation Act 1963; (7) the U. P. State Agro-Industrial Corporation Limited a company incorporated under the Companies Act, 1956. (8) the Agricultural Finance Corporation Limited, a company incorporated under the Companies Act 1956; and [(8-a) "a regional rural bank established under sub-section (1) of section 3 of the Regional Rural Banks Act, 1976;]3 and (9) any other financial institution notified by the State Government in the Gazette as a bank for the purpose of this Act; (d) "Co-operative Society" means a Co-operative society registered or deemed to be registered under the Uttar Pradesh Co-operative Societies Act, 1965, the object of which is to provide financial assistance to its members, and includes a co-operative land development bank; (e) "financial assistance" means assistance [granted, whether before or after the commencement of this Act]4 by way of loan, advance, guarantee or otherwise (i) either to an agriculturist for agricultural purposes or (ii) to a Co-operative Society for enabling it to grant loans and advances to its members for agricultural purposes; (f) "law relating to land tenures" means the Uttar Pradesh Zamindari Abolition and Land Reforms Act, 1950, the UttarPradesh Urban Areas and Land Reforms Act, 1956, the Jaunsar Bawar Zarnindari Abolition and Land Reforms Act, 1956, the Kumaun and Uttrakhand Zamindari Abolition and Land Re-forms Act, 1960, the Uttar Pradesh Consolidation of Holdings Act, 1953 or the U.P. Imposition of Ceiling on Land Holdings Act, 1960, as amended from time to time; (g) "prescribed" means prescribed by rules made under this Act.