The Micro, Small and Medium Enterprises Development Act, 2006 · IV — MEASURES FOR PROMOTION, DEVELOPMENT AND ENHANCEMENT OF

Section 13. Grants by Central Government

In force · As amended up to 2026-08

13. Grants by Central Government.— The Central Government may, after due appropriation made by Parliament by law in this behalf, credit to the Fund or Funds by way of grants for the purposes of this Act, such sums of money as that Government may consider necessary to provide. 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.

Source: India Code