In the prin cip al Act, In the long — A S S A M ACT N O . V I I I O F 1990

2. In the prin cip al Act, In the long fthdCtiLd pp , g ° title of8 title , for the words, "Cooperative Land lot 1961°* Mortgage Ban ks", the words. "Cooperative ild l l ggp Ag riculture and Ru ral Developme nt Ban ks" shall be sub stituted . Amendmont ofthe long Substitution 3. In the princi pal Act, for the exis* fPAMtibl thfllihll b pp, ofPAM^, e tin g prea mbl e, the follow ing shall be Act 1 961 i of sub stituted, na m el y:—J t 1961. i o l J "Whe reas it is exp edient to facilita te the work ing of Cooperative Agricul ture and Rural Developm ent Bank s in the Sta te of Assam wi th a view to providing for gra nt of lon g-term and short-term. loans for the purposes of agri* ltl dlt d tiiti ppg cultura l development and activities incidental thereto, to finance construction, p f houses in rura l areas, to promote l idiliibidil p p rur ^l industria lisation bv providing loans ifd ll pg to artisans, craftsmen and small -entrepreneurs and to advance loans to instit utions .and corporate bodies engaged in iiihih dilidil pgg activities which directly or indirectly hlhfd hl li y y help t he farmers and the rura l people, in hhifi" p pp the manner hereinaft er appearing;”

Section 2