|
CHAPTER IV :
MEASURES FOR PROMOTION, DEVELOPMENT AND ENHANCEMENT OF COMPETITIVENESS
OF MICRO, SMALL AND MEDIUM ENTERPRISES |
| |
9. (1) The Central Government may, from time to time, for
the purposes of facilitating the promotion and development and enhancing
the competitiveness of micro, small and medium enterprises, particularly
of the micro and small enterprises, by way of development of skill in
the employees, management and entrepreneurs, provisioning for
technological upgradation, providing marketing assistance or
infrastructure facilities and cluster development of such enterprises
with a view to strengthening backward and forward linkages, specify, by
notification, such programmes, guidelines or instructions, as it may
deem fit. |
Measures for promotion and development. |
| |
10. 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 to such enterprises,
minimise the incidence of sickness among and enhance the competitiveness
of such enterprises. |
Credit facilities. |
| |
11. For facilitating
promotion and development of micro and small enterprises, the Central
Government or the State Government may, by order notify from time to
time, preference policies in respect of procurement of goods and
services, produced and provided by micro and small enterprises, by its
Ministries or departments, as the case may be, or its aided institutions
and public sector enterprises. |
Procurement preference policy. |
| |
12. There shall be constituted, by
notification, one or more Funds to be called by such name as may be
specified in the notification and there shall be credited thereto any
grants made by the Central Government under section 13. |
Funds. |
| |
13. 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. |
Grants
by Central Government. |
| |
14. (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. |
Administration and utilisation of Fund or Funds. |
