3. Amendment of section 44A of Mah XXIV of 1961.- In section 44A of the principle Act, -
(a) for the brackets and words “(including a Co-operative Bank but excluding an Agriculture and Rural Development Bank)” the brackets and words “(including a Co-operative Bank and a Co-operative Agricultural and Rural Multipurpose Development bank)” shall be substituted; (b) the following proviso shall be added, namely:-
“Provided that, nothing in this section shall apply to a loan exceeding on lakh rupees given by a Co-operative Agriculture and Rural Multipurpose Development Bank to any member.”
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