No State-aid shall be given to any industry, except Agriculture save in accordance with the provisions of this Act :



Provided that nothing in this Act shall apply-



(1) to any State-aid given in the form of the grant of a loan to any industrial concern as defined in the State Financial Corporations Act, 1951, through the agency of the State Financial Corporation in persuance of clause (ee) of sub-section (1) of section 25 of that Act ; or



(2) to any State-aid given to sick industry ; or



(3) to any State-aid in the form of a guarantee given to any industry which is a public undertaking ; or



(4) to the power of the State Government to-



(a) start or conduct an industry for experimental purposes or with a view to stimulating industrial development ;



(b) assist an industry by agreement to purchase on-business terms the whole, or a portion of the products of the same ;



(c) assist an industry by giving free of charge or on favourable terms, the services of Government officials or experts either in the capacity of advisers or for a limited period not exceeding one year for starting or conducting such industry ;



(d) assist an industry in connection with industrial education or the training of apprentices ;



(e) acquire land under the provisions of the Land, Acquisition Act, 1894, for a company;



(f) assist a company formed for the purpose of supplying electricity, gas, water or any other service which in the opinion, of the State Government is likely to prove useful to the public ; or



(g) assist a village industry in any manner which may be determined by the State Government.



Explanation-For the purposes of this section-



(i) "sick industry" shall mean an industry which continuously fails to generate internal surplus and depends for its running on financial aid from outside ;



(ii) an industry shall be deemed to be a public undertaking if it is owned by-



(a) a Government company within the meaning of the Companies Act, 1956 ;



(b) any corporation established by law which is owned, controlled or managed by any Government;



(c) a Grama Panchayat constituted under the Orissa Grama Panchayat Act, 1964 ; or



(d) A Panchayat Samiti constituted under the Orissa Panchayat Samiti Act, 1959.