The Assam Aid to Industries (Small and Cottage Industries) (Amendment) Act, 1970
1'he 10 th July 19’. 0

## No.LJL.359/69/7.—The following Act of the Assam Legislative Assembly

which received the assent of the Governor is hereby published for general
information.

## ASSAM ACT No.VII OF 1970
 - A

 [Received the assent of the Governor on the 9th July 1970]

THE ASSAM AID TO INDUSTRIES (SMALL AND COTTAGE

INDUSTRIES) (AMENDMENT) ACT, 1970

[Published in the _Assam Gazette, Extraordinary, dated the_

11th July, 1970]

## An

 Act

 further to amend the Assam Aid to Industries
 (Small and Cottage Industries) Act, 1955.

**Preamble** Whereas it is expedient further to amend the Assam

Aid to Industries (Small and Cottage Industries) Act,
1955, hereinafter called the principal Act, in the

manner hereinafter appearing ;

It is hereby enacted in the Twenty-first Ycar of the

RepuWic of India as follows:—


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Short title, 1. (1) This Act may be called the Assam Aid to

extent and Industries (Small and Cottage Industries) (Amend­
commence­

ment) Act, 1970.

ment.

(2) It shall have the like extent-as the principal Act.

(3) It shall come into force at once.

Amendme.it 2. In section 2 of the principal Act,—
of section 2

         - Assam act

II of 1956.

after clause (k), the following shall be added as

clause (1), namely:—

“ (1) ‘Unemployed Engineer/Technologist/Techni-

cian’ means a person possessing either an engineering
or a technological or a technical Degree or Diploma
from any Government recognised institution but not em­
ployed for utilisation of his engineering/technological/
technical knowledge and skill and not owning any trade, -

industries or business of his own or in partnership with
others and not having adequate financial resources of

his own to set up any business, trade or any Small
Scale Industry.”

Amendment 3. In section 6 of the principal Act,—

of »ecticn 6

Act H[Sa]S (1) in the second proviso,—

1956. (a) for the words “two thousand and five hund­

red rupees” occurring between the words
“upto” and “on” the words “five

thousand rupees” shall be substituted.

(b) the punctuation colon “ ; ” occurring at

the end shall be deleted and the words
“in addition to the personal bond of the
applicant” followed by a punctuation

colon “ ; ” shall be added.

(2) after the fourth proviso, the following proviso

shall'be added as the fifth proviso, namely :

“ Provided further that the Government or the

authority empowered to issue loan may sanction such
loan on lhe personal bond of the applicant and one
more guarantor in addition to personal bond subject to
a maximum of Rs.7,500 in case of unemployed Engi-
neer/Technologist/Technician who are in reed of

financial assistance for setting up Small Scale Indus­
tries.”

B. SARMA,

Secretary to the Govt, of Assam,

                                        - t Law Department.


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