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Section 2
Definition
In this Act, unless the subject or context otherwise requires,–
(a) "Fund" means the Urban Development Fund established as per section 3.
(b) "Basic social services" means roads, roads, lights, bridges, drinking water, sewerage, garbage collection, public toilets, public libraries, schools and other structures built for public use, including various services provided for the benefit of the citizens. Should.
(c) "Income-generating project" means public market, business center, bus park, animal slaughterhouse, godown house and other similar income-generating projects
(d) "Organization related to city development" means the following organizations that work on land development and distribution and basic social services and income-generating projects for the purpose of building and developing the city:-
(1) Governmental or non-governmental organizations established according to prevailing laws,
(2) Urban development committee, metropolitan city, sub-metropolitan city or municipality formed according to the prevailing law (3) Any village designated by the Fund on the basis of population and development among the villages designated as urban villages in accordance with prevailing laws.
(e) "City" means a metropolitan city, a sub-metropolitan city, a municipality and an urban village.
(f) "loan" means a loan given by the Fund with or without taking any movable, immovable property mortgage, mortgage or other necessary security or guarantee.
(g) "Debtor" means an entity related to urban development that takes a loan from the fund.
(h) "Debenture" means a debenture issued by the Fund with or without collateral.
(i) "Committee" means the Board of Directors of the Fund constituted as per Section 14.
(j) "Chairman" means the Chairman of the Committee.
(k) "Member" means a member of the committee and the term also refers to the chairman and member-secretary of the committee.
(l) "Executive Director" means the Executive Director of the fund appointed as per section 18.
(d) "Prescribed" or "as prescribed" means as prescribed or prescribed in the rules or regulations made under this Act.
(a) "Fund" means the Urban Development Fund established as per section 3.
(b) "Basic social services" means roads, roads, lights, bridges, drinking water, sewerage, garbage collection, public toilets, public libraries, schools and other structures built for public use, including various services provided for the benefit of the citizens. Should.
(c) "Income-generating project" means public market, business center, bus park, animal slaughterhouse, godown house and other similar income-generating projects
(d) "Organization related to city development" means the following organizations that work on land development and distribution and basic social services and income-generating projects for the purpose of building and developing the city:-
(1) Governmental or non-governmental organizations established according to prevailing laws,
(2) Urban development committee, metropolitan city, sub-metropolitan city or municipality formed according to the prevailing law (3) Any village designated by the Fund on the basis of population and development among the villages designated as urban villages in accordance with prevailing laws.
(e) "City" means a metropolitan city, a sub-metropolitan city, a municipality and an urban village.
(f) "loan" means a loan given by the Fund with or without taking any movable, immovable property mortgage, mortgage or other necessary security or guarantee.
(g) "Debtor" means an entity related to urban development that takes a loan from the fund.
(h) "Debenture" means a debenture issued by the Fund with or without collateral.
(i) "Committee" means the Board of Directors of the Fund constituted as per Section 14.
(j) "Chairman" means the Chairman of the Committee.
(k) "Member" means a member of the committee and the term also refers to the chairman and member-secretary of the committee.
(l) "Executive Director" means the Executive Director of the fund appointed as per section 18.
(d) "Prescribed" or "as prescribed" means as prescribed or prescribed in the rules or regulations made under this Act.