Act Number: 27

Act Name: The Micro, Small and Medium Enterprises Development Act, 2006

Year: 2006

Enactment Date: 2006-06-16

Long Title: 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.

Ministry: Ministry of Micro, Small and Medium Enterprises

Department:

Section 14: Administration and utilisation of Fund or Funds.
    (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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