 tile agricultural refinance corporation (amendment) bill, 1971 a blllj'utthet to amend the agric'ultutal refinance ccwporation act, 1963 be it enacted by parliament in the ':wenty-second year of the republic of india as follows:-1 this act may be called the agricultural refinance corporation short title (amendment) act, 1971 10 of 1183 amendment of section 2 5 z in section 2 of the agricultural refinance corporation act, 1963 (hereinafter referred to as the principal act), after clause (a), the following explanation shall be inserted and shall be deemed always to have been inserted, namely:-'explanation-for the purposes of this clause, "pisciculture" 10 includes the development of fisheries, both inland and marine, catcbing of fish and all activities connected therewith or incidental thereto;' 3 in section 20 of the principal act,-amendment of (i) in sub-section (1), after clause (b), the following clause shall eection 20 15 be irllerted, namely:-"(bb) borrow money from the reserve bank out of the national agricultural credit (long term operations) fund established under section 46a of the reserve bank of india act, 2 of 1934 1934";  (ii) in sub-section (2), for the words brackets and letters "and outstanding under clauses (b) and (c) of that bub-section", the words, brackets and letters "and outstanding under clauses (b) , (bb) and (c) of that sub-section" shall be substituted 5 3' of 1934 4 in section 46a of the reserve bank of india act, 1934, in sub-section (2) after clause (d) and before the explanation, the following clause shall be inserted, namely:-consequential amendment of act 2 of 1934 ' (e) the making to the agricultural refinance corporation of loans and advances repayable on the expiry of fixed periods not exceeding twenty years from the date of making such loan or advance" 10  statement of objects and reasonsthe bill seeks to amend the agricultural refinance corporation act, 1963 and the reserve bank of india act, 1934 to enable the agpieultural ~,fin,al\~e cprpora~iqp to borrow from the national j\gricultural credit (long term operations) fund maintaipeci by the res,rve bank of india with the growing tempo of its activities the agricultural  refinance corporation is called upon to meet increasingly large demands for funds the propoed amendment will give the corporation ,ccess to largertesources which it needs to meet these demands , qpport"~ity is alr$o beiq,8 tabn to introduce a uitable explanajtion ~ tb"~rm "pseicultqre" so ~ to cl~~fy ut the asficultural refinance ·~~rpqr~tion may fatftnance iic~pmea relatjqg to marine ftsherie!fl n~·d~; v b chavan;· the arrj ju7lc;, j97i  annexure extrac'rs rrom the agricultttral rennanci: corporation act, 1963(10 of 1963) - - - - - z in this act, unless the context otherwise requires,-- deftd1 tiou (0) "agriculture" includes animal husbandry, dairy farminl, piaciculture and poultry farming; - - - - - - zoo (1) - - - - - borrowinti by corporation (2) the amount of loan granted by the central government under section 19 and outstanding, together with the amount of bonds and debentures issued under clause (0) of 'sub-section (1) and outstanding, the' amounts borrowed by the corporation and outstanding under claulel (b) and (c) of that s~b-section and the amount of deposits accepted under clause (d) of that sub-section, shall not at any time in the aggregate exceed twenty times the amount of the paid-up share capital and the reserve fund of the corporation - - - - - -  a billfurther to amend the agricultural refinance corporrtion act, 1963 (shri y b cluroan, minister of finance) 