Ecolex Logo
The gateway to
environmental law
Search results » Legislation

Punjab Agriculturists’ Loans Act, 1958 (West Pakistan Act XVII of 1958).

Country/Territory
Pakistan
Territorial subdivision
Punjab
Document type
Legislation
Date
1958 (1974)
Source
FAO, FAOLEX
Long title
An Act to consolidate the law relating to the advancement and recovery of taccavi loans for agricultural purposes in the Province of the Punjab.
Subject
Agricultural & rural development, Cultivated plants
Keyword
Subsidy/incentive Agricultural development Legal proceedings/administrative proceedings Smallholders/peasants Fertilizers/nutrients Planting material/seeds Plant production
Geographical area
Asia, Asia and the Pacific, Indian Ocean, South Asian Seas, Southern Asia
Entry into force notes
This Act enters into force immediately.
Abstract

This Act regulates loans given to poor farmers to purchase seeds, fertilizers, equipment's and for other agriculture purposes. It makes rules as to: a) loans to be made to owners and occupiers of arable land for the relief of distress, purchase of land, cattle and seed and other agricultural purposes; and b) sale of seed on credit to owners and occupiers of agricultural land. The loans made, the price of seed sold and the interest chargeable thereon, together with the cost of recovery, if any, shall be recoverable as arrears of land revenue from the persons to whom the loans were made or the seed was sold or their sureties. When a joint loan is made under this Act to members of a village community or any other persons on such terms that all of them are jointly and severally bound to pay the whole amount and a statement showing the shares of the various borrowers, signed, marked, or sealed by such of them or their duly authorized agents and the officer making the order is entered upon the order granting the loan that statement shall be conclusive evidence of the share which each of those borrowers is bound to contribute.

Full text
English
Website
www.punjablaws.gov.pk