Section 10 of MSMED Act, 2006: Credit facilities

The Micro, Small and Medium Enterprises Development Act, 2006

Chapter-IV Measures for Promotion, Development and Enhancement of Competitiveness of Micro, Small and Medium Enterprises

Section 10: Credit facilities.

10. The policies and practices in respect of credit to the micro, small and medium enterprises shall be progressive and such as may be specified in the guidelines or instructions issued by the Reserve Bank, from time to time, to ensure timely and smooth flow of credit to such enterprises, minimise the incidence of sickness among and enhance the competitiveness of such enterprises.


 


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