Office Memorandum No. 2453/2025/IACD of the Industries and Commerce Department, Government of Bihar dated 28th April, 2025 on the taking of a mortgage of agricultural land [C16-76C]

No. 2453/2025/IACD

GOVERNMENT OF BIHAR

Industries and Commerce Department, Government of Bihar

Patna, dated the 28th April, 2025

OFFICE MEMORANDUM

Subject: The taking of a mortgage of agricultural land by mortgagees of agricultural land under the Bihar Land Reforms Act, 1950, regarding.

1. The undersigned is directed to say that references have been received in the Industries and Commerce Department, Government of Bihar on the manner in which the taking of a mortgage of agricultural land by mortgagees of agricultural land is to be regulated under the Bihar Land Reforms Act, 1950.

2. The matter has been examined. Every mortgagee of agricultural land carrying on the taking of a mortgage of agricultural land shall make an application in Form 5 to the Settlement Officer within seven days, accompanied by a fee of twenty rupees.

3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the taking of a mortgage of agricultural land is undertaken, and the Settlement Officer shall dispose of it within seven days of its receipt.

4. Difficulties, if any, in the implementation of this office memorandum may be brought to the notice of the Industries and Commerce Department, Government of Bihar.

(Secretary to Government)