Section 62. Kendriya Mandi Fund

(1) There shall be established a fund to be called Kendriya Mandi Fund, which will be operated by the Managing Director and in which the following amounts shall be credited; namely- (a) all amount of Development cess received from the Mandi Samities under sub section (5) of section 31; (b) such other amounts, as the State Government or the Board may direct. (2) The Kendriya Mandi Fund be utilized for the following purposes, namely- (a) aid to financially weak and under developed Committees in the form of loans and grants; (b) development works in the hilly areas; (c) expenditure involved on the value addition and processing of agriculture produce; (d) any other purposes, as per the direction of the State Government or the Board.