Bare ActsThe micro, small and medium enterprises development act, 2006

Section 14

Administration and utilisation of Fund or Funds.

Amendment status not verified — confirm the current text below against the official source.

(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.

Section 14 – The micro, small and medium enterprises development act, 2006 | DailyLaw.ai