(a) in a primary non-agricultural credit society, the maximum or normal credit of a member shall be determined by taking into consideration his assets, liabilities and his repaying capacity ;
(b) in a primary agricultural credit society, the maximum or normal credit shall not exceed one-half of the total value of the agricultural lands of a member which is actually under his cultivation during the period of assessing normal credit or two-thirds of the total estimated net income from such lands during the period of the repayment of the loan, whichever is less.
Chapter V-A
Privileges of Registered Society
Section 54 • The Assam Co-operative Societies Rules, 1953
54. Maximum and normal credit to members.
the-assam-co-operative-societies-rules-1953-1953-sec-54.json
•
Section 54
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"content": "(a) in a primary non-agricultural credit society, the maximum or normal credit of a member shall be determined by taking into consideration his assets, liabilities and his repaying capacity ;\n(b) in a primary agricultural credit society, the maximum or normal credit shall not exceed one-half of the total value of the agricultural lands of a member which is actually under his cultivation during the period of assessing normal credit or two-thirds of the total estimated net income from such lands during the period of the repayment of the loan, whichever is less.\nChapter V-A\nPrivileges of Registered Society",
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