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The State Aid to Industries Act, 1931

( ACT NO. III OF 1931 )

Industries which may be aided
21. State aid may be given-
 
 
(a) in any of the forms specified in sub-section (1) of section 19 to
 
 
(i) a new or nascent industry,
 
 
(ii) an industry to be newly established in an area where such industries are undeveloped, and
 
 
(iii) a cottage industry, including industries conducted by groups or organisations of artisans;
 
 
(b) in the forms specified in clauses (b) and (g) (i) of the said sub-section to any industry except agriculture; and
 
 
(c) in the forms specified in clause (h) of the said sub-section, to agriculture:
 
 
Provided that no State aid shall be given to any joint stock company unless the company is registered in Bangladesh with a 1[Taka] capital, and the Government approves the composition of the Board of Directors of the company:
 
 
Provided further that every recipient of State aid shall make such provision for the training of apprentices as may be prescribed.

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