Act Number: 61

Act Name: The National Bank for Agriculture and Rural Development Act, 1981

Year: 1981

Enactment Date: 1981-12-30

Long Title: 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.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 17: Dissolution of the Corporation and repeal of Act 10 of 1963.
    On the date appointed under sub-section (1) of section 16,--
         (a) the Corporation shall stand dissolved; and
         (b) the Agricultural Refinance and Development Corporation Act, 1963, shall stand repealed.
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