Agricultural Credit Act.
An Act to provide assistance to persons carrying on or undertaking to carry on farming operations, for the exercise of control in respect of assistance rendered, and for other incidental matters.
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LEX-FAOC020851
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An Act to provide for the establishment of the Agricultural Credit Board and assistance to farmers by the Board. The Board is established under section 2. The Minister may establish Agricultural Credit Committees for one or more magisterial districts or portion of district. The Committees shall advise and assist the Minister or the Board. Assistance shall consist of a loan or selling or letting of immovable property. Immovable property may be acquired for farming purposes or sold by the State if the property is not suitable for farming purposes. An Agricultural Credit Account shall be kept by the Director-General of Agriculture. The last Part of the Act provides for legal proceedings and security in favour of the State.
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