An Act of Parliament to establish an Agricultural Finance Corporation and to prescribe its powers and duties.
This Act provides for the establishment of the Agricultural Finance Corporation and regulates the granting of loans to farmersThe Act consists of 48 sections divided into 7 Parts: Preliminary (I); The Agricultural Finance Corporation (II); Loans (III); General provisions as to loans (IV); Powers of Corporation (V); Accounts of Corporation (VI); Miscellaneous (VII).The functions of the Agricultural Finance Corporation, here established under section 3, shall be to assist in the development of agriculture and agricultural industries by making loans to farmers, cooperatives and other public or