Section 10
Credit facilities.
The Micro, Small and Medium Enterprises Development Act, 2006
About this Act
An Act to provide for facilitating the promotion and development and enhancing the competitiveness of micro, small and medium enterprises and for matters connected therewith or incidental thereto.
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 tosuch enterprises,
minimise the incidence of sickness among and enhance the competitiveness of such enterprises.