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.
IBC Laws specifically does not make any warranties or representations as to the accuracy, completeness or adequacy of any such Material or the same being up-to-date. IBC Laws periodically updates the Material on this Site whenever amendments are made by Parliament. Refer disclaimer here.