The Micro, Small and Medium Enterprises Development Act

Measures for promotion and development

Credit facilities

Procurement preference policy

Funds

Grants by Central Government

Administration and utilisation of Fund or Funds


MEASURES FOR PROMOTION, DEVELOPMENT AND ENHANCEMENT OF COMPETITIVENESS OF MICRO, SMALL AND MEDIUM ENTERPRISES


(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.

LAWGIST

# 14 Administration and utilisation of Fund or Funds