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The Assam Aid to Industries (Small and Cottage Industries) Act, 1955
The Assam Aid to Industries (Small and Cottage Industries) Act, 1955
Sections
1. Short title, extent and commencement.
Section 12. Definitions.
Section 23. Grant of Loan.
Section 34. Application for loan.
Section 45. Terms for grant of loan.
Section 56. Inspection of assets.
Section 67. Power to require payment before the due dates.
Section 78. Power to postpone or to extend time for realisation.
Section 89. Inspection and returns.
Section 910. Fees.
Section 1011. Supervision of assisted industry.
Section 1112. Power to recover or to take over assets.
Section 1213. Exemption from legal proceedings.
Section 1314. Finality of the decision of State Government.
Section 1415. Power to make rules.
Section 15
the-assam-aid-to-industries-small-and-cottage-industries-act-1955.json
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15 Sections
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Assam
{
"id": 13893,
"slug": "the-assam-aid-to-industries-small-and-cottage-industries-act-1955",
"title": "The Assam Aid to Industries (Small and Cottage Industries) Act, 1955",
"short_title": "The Assam Aid to Industries (Small and Cottage Industries) Act, 1955",
"act_number": "(Assam Act No. 11 of 1956)",
"act_year": 1955,
"act_type": "STATE",
"location": "Assam",
"law_status": "unknown",
"enactment_date": null,
"description": "The Assam Aid to Industries (Small and Cottage Industries) Act, 1955",
"preamble": "",
"section_label": "Section",
"sections": [
{
"number": "1",
"title": "1. Short title, extent and commencement.",
"chapter": null,
"content": "",
"footnote": "",
"is_definition": false,
"sort_order": 0
},
{
"number": "2",
"title": "2. Definitions.",
"chapter": null,
"content": "(a) \"Borrower\" means a person to whom a loan has been granted under this Act and includes the heirs, successors, assigns and sureties of a borrower;\n(b) \"Director\" means-\n(i) the Director of Industries, Assam in respect of Small or Cottage Industries other than Small or Cottage Industries under Sericulture and Weaving; and\n(ii) the Director of Sericulture and Weaving, Assam, in respect of Small or Cottage Industries under Sericulture and Weaving;\n(c) \"Government\" means the Government of the State of Assam;\n(d) \"Loan\" means a loan granted under this Act;\n(e) \"Prescribed\" means prescribed by rules made under this Act;\n(f) \"Sanctioning Authority\" means the authority who sanctions loan;\n(g) \"Small Industry\" means an industrial unit with a capital investment of not more than 5 lakhs irrespective of the number of persons employed;\n(h) \"Security\" means property mortgaged by the borrower against the loan taken from the Government in share of lands, buildings, the assets of the industry and personal security and surety;\n(i) \"artisan\" means a person engaged in production of handicraft items;\n(j) \"handicraft\" means an item produced by a worker skillfully using the limbs with the aid of hand tools and frames;\n(k) \"handicapped person\" means a person suffering from some disabilities or disorder;\n(l) \"disability\" means-\n(i) blindness,\n(ii) low vision,\n(iii) leprosy cured,\n(iv) hearing impairment,\n(v) locomotor disability,\n(vi) mental retardation,\n(vii) mental illness,\n(m) \"blindness\" refer to a condition where a person suffer from any of the following conditions, namely-\n(i) total absence of sight, or\n(ii) visual acuity not exceeding 6/60 of 20/200 (snellen) in the better eye with correcting lances, or\n(iii) limitation of the field of vision subtending an angle of 20 or worse,\n(n) \"hearing impairment\" means loss of 60 decibels of more in the better ear in the conversational range of frequencies;\n(o) \"leprosy cured person\" means any person who has been cured of leprosy but is suffering from;\n(i) loss of sensation in hand or feet as well as loss of sensation and paresis in the eye-lid but with no manifest deformity,\n(ii) manifest deformity and paresis but having sufficient mobility in their hand and feet to enable them to engage in normal economic activity,\n(iii) extreme physical deformity as well as advance age which prevents him from undertaking any gainful occupation,\n(p) \"locomotive disability\" means disability of the bones, joints or muscles leading to substantial restriction of the movement of the limbs or any form of cerebral palsy;\n(q) \"mental illness\" means any disorder other than mental retardation;\n(r) \"mental retardation\" means a condition of arrested or incomplete development of mind of a person which is specially characterised to subnormality of intelligence;\n(s) \"person with disability\" means a person suffering not less than 40% of any disability as certified by a Medical Authority;\n(t) \"persons with low vision\" means a person with impairment of visual functioning even after treatment or standard refractive correction but who uses or is potentially capable of using vision for the planning or execution of a task with appropriate assistive device;\n(u) \"medical authority\" means any hospital or institution as may be specified by the Government, by notification for the purposes of this Act.",
"footnote": "",
"is_definition": true,
"sort_order": 1
},
{
"number": "3",
"title": "3. Grant of Loan.",
"chapter": null,
"content": "(i) For the purchase of a cottage industrial undertaking;\n(ii) For the erection of additional machinery or for replacing old machinery of a cottage industry;\n(iii) for the development of a new or has sent college industry and;\n(iv) For presiding the working capital such as the cost of new material, any of operating staff etc. of cottage industry for a specified time.",
"footnote": "",
"is_definition": false,
"sort_order": 2
},
{
"number": "4",
"title": "4. Application for loan.",
"chapter": null,
"content": "",
"footnote": "",
"is_definition": false,
"sort_order": 3
},
{
"number": "5",
"title": "5. Terms for grant of loan.",
"chapter": null,
"content": "(i) The grant of a loan is to be secured and repaid to the prescribed manner and upon such terms and may be fixed by the order granting it:\n(ii) Government or the authority empowered to issue loan may lease machineries and equipments necessary for the purpose of the industry to the applicant on hire purchase system on execution of the Bond in the prescribed form.",
"footnote": "",
"is_definition": false,
"sort_order": 4
},
{
"number": "6",
"title": "6. Inspection of assets.",
"chapter": null,
"content": "",
"footnote": "",
"is_definition": false,
"sort_order": 5
},
{
"number": "7",
"title": "7. Power to require payment before the due dates.",
"chapter": null,
"content": "(a) that any portion of the loan has been misapplied, or\n(b) that there has been a breach by the borrower of the provisions of this Act or of any rules made thereunder or on any conditions of the grant, or\n(c) that the application on which the loan has been granted contained or was accompanied by any material statement by the borrower which he knew to be false or any intentional concealment by him of any material fact, which in the opinion of the Director or the Government, as the case may be, it was his duty to disclose or that any such false statement or concealment was intentionally made in any enquiry made under this Act, or to the reply to any requisition or information under this Act, or\n(d) that the Small or Cottage Industry in question is being managed in such a manner as to endanger the repayment of the loan granted thereto and repayable under this Act, and in default of payment within the specified date proceed to recover from the borrower as an arrear from land revenue the whole amount of the outstanding loan, together with such interest as may be due thereon.",
"footnote": "",
"is_definition": false,
"sort_order": 6
},
{
"number": "8",
"title": "8. Power to postpone or to extend time for realisation.",
"chapter": null,
"content": "",
"footnote": "",
"is_definition": false,
"sort_order": 7
},
{
"number": "9",
"title": "9. Inspection and returns.",
"chapter": null,
"content": "(i) whom an application has been made for State loan to such industry, or\n(ii) during the continuance of the State loan to such industry, shall-\n(a) comply with any general or special orders of the Government relating to the inspection of the premises, buildings or plant or stock-in-trade employed or to be employed for the purposes of the industry;\n(b) permit the inspection by the prescribed person of all accounts relating to the industry;\n(c) submit the account relating to the industry to such audit as may be prescribed;\n(d) furnish in the prescribed manner to all prescribed persons full returns of all products manufactured and sold both as regards description and quantity;\n(e) maintain such accounts as may be prescribed; and\n(f) furnish such statement as the Government may requires.",
"footnote": "",
"is_definition": false,
"sort_order": 8
},
{
"number": "10",
"title": "10. Fees.",
"chapter": null,
"content": "",
"footnote": "",
"is_definition": false,
"sort_order": 9
},
{
"number": "11",
"title": "11. Supervision of assisted industry.",
"chapter": null,
"content": "",
"footnote": "",
"is_definition": false,
"sort_order": 10
},
{
"number": "12",
"title": "12. Power to recover or to take over assets.",
"chapter": null,
"content": "",
"footnote": "",
"is_definition": false,
"sort_order": 11
},
{
"number": "13",
"title": "13. Exemption from legal proceedings.",
"chapter": null,
"content": "",
"footnote": "",
"is_definition": false,
"sort_order": 12
},
{
"number": "14",
"title": "14. Finality of the decision of State Government.",
"chapter": null,
"content": "",
"footnote": "",
"is_definition": false,
"sort_order": 13
},
{
"number": "15",
"title": "15. Power to make rules.",
"chapter": null,
"content": "(a) the forms of application for loan, order of the sanctioning authority, the bond, or any instruments to be executed by the borrowers, and notices and directions by the sanctioning authority and other authorities;\n(b) the terms and conditions of loans and fixations of instalments;\n(c) the fixation of the rate of interest;\n(d) the extent, the manner of issue of loans and the procedure for the realisation;\n(e) the form and manner in which accounts' registers are to be maintained;\n(f) the manner in which the grant of extension of time for repayment of the principal or interest may be granted;\n(g) the manner and machinery for investigation into applications, for loans and into proper utilisation of the loan money;\n(h) the provision for audit and inspections and maintenance of account and submission of returns, etc. under Section 10;\n(i) the fees referred to in Section 11; or\n(j) generally all the matters which are required by the Act to be prescribed.",
"footnote": "",
"is_definition": false,
"sort_order": 14
}
],
"metadata": {
"Act ID": "Last Updated 10th February, 2020 [ass049]",
"Act Number": "(Assam Act No. 11 of 1956)",
"Enactment Date": "",
"Act Year": "1955",
"Short Title": "The Assam Aid to Industries (Small and Cottage Industries) Act, 1955",
"Type": "STATE",
"Location": "Assam"
},
"updated_at": "2026-09-29 21:55:18"
}