Section 14 of MSMED Act, 2006: Administration and utilisation of Fund or Funds

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 14: Administration and utilisation of Fund or Funds.

14. (1) The Central Government shall have the power to administer the Fund or Funds in such manner as may be prescribed.

(2) The Fund or Funds shall be utilised exclusively for the measures specified in sub-section (1) of section 9.

(3) The Central Government shall be responsible for the coordination and ensuring timely utilisation and release of sums in accordance with such criteria as may be prescribed.


 


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