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The Maharashtra Provision of Facilities for Agricultural Credit by Banks Act, 1974.

Maharashtra
Act number
5 of 1975
Ministry
Govt of Maharashtra
Department
Co-operation, Marketing and Textiles Department
Enacted
10 Mar 1975

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

25 sections

  1. Section 1Short title, extent and commencement.
  2. Section 2Definitions.
  3. Section 3Removal of restrictions on alienation.
  4. Section 4Charge on crop and other movable property in favour of a bank.
  5. Section 5Creation of charge on land in favour of bank by declaration.
  6. Section 6Removal of disability in creation of charges and mortgages.
  7. Section 7Priority of charges and mortgages in favour of a bank, Government and co-operative society.
  8. Section 8Registration of charge or mortgage in favour of a bank.
  9. Section 9Registration of charge or mortgage in favour of a bank.
  10. Section 10Restrictions on creation of tenancy by agriculturist borrower.
  11. Section 11Recovery of dues of bank through prescribed authority.
  12. Section 12Rights of bank to acquire and dispose of immovable property.
  13. Section 13Exemption to bank from restrictions on acquisition of land in excess of ceiling.
  14. Section 14Bank eligible to become member of co-operative society.
  15. Section 15Inspection of books of a co-operative society by a bank.
  16. Section 16Disputes between a bank and a co-operative society.
  17. Section 17Settlement of disputes.
  18. Section 18Recovery of money awarded.
  19. Section 19Powers of a bank to proceed against defaulting members of a co-operative society.
  20. Section 20Audit, inquiry and inspection reports of societies to available to banks.
  21. Section 21Exemption from legislations relating to money-lending and relief of agricultural indebtedness.
  22. Section 22Mortgage executed by managers of joint Hindu family.
  23. Section 23Modified application of section 8 of Act XXXII of 1956.
  24. Section 24Mortgages not to be questioned on insolvency of mortgagors.
  25. Section 25Power of State Government to make rules.