Section 30A
Bills rediscounting.
The National Bank for Agriculture and Rural Development Act, 1981
About this Act
An Act to establish a development bank to be known as the National Bank for Agriculture and Rural Development for providing and regulating credit and other facilities for the promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts and other allied economic activities in rural areas with a view to promoting integrated rural development and securing prosperity of rural areas and for matters connected therewith or incidental thereto.
[30A. Bills rediscounting.--The National Bank may rediscount bills of exchange and promissory
notes made, drawn, accepted or endorsed by any company or body corporate concerned with agriculture
and rural development presented by a scheduled bank, a State co-operative bank, State land development
bank, regional rural bank or any other institution or class of institutions approved by the Board.]
Notes
1. Subs. by s. 17, ibid., for section 30 (w.e.f. 1-2-2001).