: (1) According to sub-section (2) of section 102 of the Act, the minimum standard of the organization conducting mutual protection service shall be as follows :-
(a) The institution should have been registered for at least three years,
(b) The organization should have been operating profitably for the past two years, (c) The number of members who cultivate crops or raise commodities should be at least 300,
(d) There should be at least fifty lakh rupees in the reserve fund and at least twenty five lakh rupees in the loss compensation fund,
(e) The share capital should be at least one crore rupees,
(f) If the organization has mobilized savings, it should have mobilized only the savings of a regular nature within the limits prescribed in subsection (2) of section 50 of the Act, and the total savings obligation should have reached at least 20 percent of the share capital and institutional capital.
(2) Other arrangements related to the operation of mutual protection shall be in accordance with the procedures approved by the Ministry.