Micro, Small and Medium Enterprises Development Act, 2006
← Micro, Small and Medium Enterprises Development Act, 2006
IV — MEASURES FOR PROMOTION, DEVELOPMENT AND ENHANCEMENT OF COMPETITIVENESS OF MICRO, SMALL AND MEDIUM ENTERPRISES · Section 14

Administration and utilisation of Fund or Funds

Not yet verified with the latest version of the bare act.
Text as per India Code

(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.

Judgments on Section 14