Executive Summary:
The Micro, Small, and Medium Enterprises Fund Rules, 2016, are established by the Central Government under the Micro, Small and Medium Enterprises Development Act, 2006. These rules, effective upon publication in the Official Gazette, outline the fund's administration, objectives, and governance. The fund aims to promote the development and competitiveness of micro, small, and medium enterprises.
Key Points / Main Content:
Fund Objective:
* The fund aims to promote development and enhance the competitiveness of micro, small, and medium enterprises, particularly micro and small enterprises.
Administration of Fund:
* The Central Government, within the Ministry of Micro, Small and Medium Enterprises, has administrative control over the Fund.
* The Governing Council manages the day-to-day operations of the Fund.
* The Governing Council must approve all expenditures from the Fund.
* With Central Government approval, unapplied funds are to be deposited in a nationalized bank.
Governing Council:
* Composition includes:
* Minister in charge of the Ministry of the Micro, Small and Medium Enterprises (Chairperson, ex officio).
* Secretary, Additional Secretary, and Joint Secretaries to the Government of India in the Ministry of Micro, Small and Medium Enterprises (Members, ex officio).
* Financial Advisor and Additional Development Commissioner (Members, ex officio).
* Two members nominated by the Chairperson of the National Board for Micro, Small and Medium Enterprises (Members).
* Additional Development Commissioner (Member Secretary).
* The quorum for the Governing Council is five members.
* Decisions are made by a majority vote of members present at meetings.
Fund Approval and Release:
* The Governing Council must meet at least once every six months.
* The Governing Council will prioritize projects based on established criteria.
* The Governing Council approves and releases funds for specific projects.
* Agencies receiving funds must submit utilization certificates to the Member Secretary.
Reporting and Review:
* Quarterly progress reports are due to the Member Secretary within 30 days after the end of each quarter (June, September, December, March).
* The Governing Council reviews these reports to assess project progress.
Secretarial Support and Transparency:
* A section headed by the Director in the office of the Development Commissioner Ministry of Micro, Small and Medium Enterprises provides secretarial assistance to the Governing Council.
* Information on all Fund activities will be uploaded to the Ministry's website.
Accounts and Audit:
* The Governing Council must maintain proper accounts and prepare an annual statement.
* The Comptroller and Auditor-General of India audits the Fund's accounts annually.
* The Central Government receives the audit report and lays it before both Houses of Parliament.
Impact Analysis:
Central Government:
Impact: Exercises administrative control over the Fund and approves deposit of unapplied funds. Receives annual audit reports and lays them before Parliament.
Action Required: Ensure the Fund operates within established rules and guidelines and review audit reports.
Ministry of Micro, Small and Medium Enterprises:
Impact: Manages the Fund through the Governing Council, provides administrative control, and uploads information to the website.
Action Required: Oversee the Fund's operations, manage the Governing Council, and ensure transparency through website updates.
Governing Council:
Impact: Manages the Fund's day-to-day affairs, approves expenditures, prioritizes projects, and releases funds.
Action Required: Meet at least once every six months, assess project feasibility, approve funding, and review progress reports.
Agencies Receiving Funds:
Impact: Responsible for utilizing funds effectively and submitting utilization certificates.
Action Required: Implement projects according to approved plans and provide timely utilization certificates to the Member Secretary.
Comptroller and Auditor-General of India:
Impact: Audits the Fund's accounts annually and provides an audit report.
Action Required: Conduct annual audits of the Fund and provide reports to the Central Government.
Micro, Small, and Medium Enterprises:
Impact: Benefit from the Fund's objective to promote development and enhance competitiveness.
Action Required: Be informed about and apply for relevant schemes or projects funded by the Fund.
Key Entities Referenced
Micro, Small and Medium Enterprises Development Act, 2006: This is the primary legislation governing the development of micro, small, and medium enterprises in India, cited as the basis for the rules outlined in the document.
Micro, Small and Medium Enterprises Fund Rules, 2016: The main subject of the policy document, these rules outline the framework for managing the Micro, Small, and Medium Enterprises Fund.
Micro, Small and Medium Enterprises Fund: A fund constituted in accordance with section 12 of the Micro, Small and Medium Enterprises Development Act, 2006. The fund's objective is the promotion, development, and enhancing the competitiveness of micro, small and medium enterprises.
Governing Council: The administrative body responsible for managing the day-to-day affairs of the Micro, Small, and Medium Enterprises Fund.
Ministry of Micro, Small and Medium Enterprises: The central government ministry responsible for the administration of the Micro, Small and Medium Enterprises Fund.
National Board for Micro, Small and Medium Enterprises: The Chairperson of the Board has the power to nominate two members to the Governing Council.
Comptroller and Auditor-General of India: The authority responsible for auditing the accounts of the Micro, Small and Medium Enterprises Fund.
New Delhi: Location of publication for the notification.
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EXTRAORDINARY
Hkkx II—[k.M 3—mi&[k.M (i)
PART II—Section 3—Sub-section (i)
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PUBLISHED BY AUTHORITY
la- 766] ubZ fnYyh cq/okj] uoEcj 2] 2016@ dk£rd 11] 1938
No. 766] NEW DELHI, WEDNESDAY, NOVEMBER 2 , 2016/KARTIKA 11, 1938
स(cid:7023)ू म , लघ ु और म(cid:7007)य म उ(cid:7378)म मं(cid:7074)ालय
अिधसचू ना
नई (cid:7408)द(cid:7016)ली, 28 अ(cid:6989) तूबर, 2016
सा.का.िन. 1032(अ).—सू(cid:7023)म, लघु और म(cid:7007)यम उ(cid:7378)म िवकास अिधिनयम, 2006 (2006 का 27) क(cid:7409)
धारा 29 क(cid:7409) उप धारा (2) के खंड (ग) (cid:7367)ारा (cid:7079)द(cid:7275) शि(cid:7334)य(cid:7298) का (cid:7079)योग करते (cid:7263)ए, क(cid:7286)(cid:7076) सरकार एतद(cid:7367)ारा िन(cid:7388)िलिखत
िनयम बनाती ह:ै
1.(cid:32)
लघ ु शीषक(cid:6981) एव ं (cid:7079)ारंभ:- (1) इन िनयम(cid:7298) को सू(cid:7023) म, लघु और म(cid:7007) यम उ(cid:7378)म िनिध िनयम, 2006 कहा
जाएगा ।
(2) वे सरकारी राजप(cid:7074) म(cid:7286) अपने (cid:7079)काशन क(cid:7409) ितिथ से (cid:7079)भावी ह(cid:7298)गे ।
2.(cid:32)
प(cid:7407)रभाषाए:ं - इन िनयम(cid:7298) म,(cid:7286) जब तक (cid:7408)क संदभ(cid:6981) म(cid:7286)
अU;Fkk
अपेि(cid:6979)त न हो-
(क)(cid:32) ‘अिधिनयम’ का अथ(cid:6981) ह,ै सू(cid:7023) म, लघु और म(cid:7007) यम उ(cid:7378)म िवकास अिधिनयम, 2006
(2006 का 27) ।
(ख)(cid:32) ’अ(cid:7007) य(cid:6979)’ का अथ(cid:6981) ह,ै िनिध का शासी प(cid:7407)रषद ्का अ(cid:7007)य(cid:6979) जसै ा (cid:7408)क िनयम 6 म(cid:7286) (cid:7408)दया गया ह ै ।
(ग)(cid:32) ‘शासी प(cid:7407)रषद’ का अथ(cid:6981) ह,ै िनिध का शासी प(cid:7407)रषद,् जैसा (cid:7408)क िनयम 5 के उप िनयम (1) म(cid:7286) (cid:7408)दया
गया ह ै ।
(घ)(cid:32) ‘िनिध’ का अथ(cid:6981) ह,ै अिधिनयम क(cid:7409) धारा 12 के अनुसरण म(cid:7286) (cid:7021)थािपत सू(cid:7023)म, लघु एवं म(cid:7007)यम उ(cid:7378)म
िनिध ।
5095GI/2016 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
(ङ)(cid:32) ‘सद(cid:7021)य सिचव’ का अथ(cid:6981) ह,ै शासी प(cid:7407)रषद ्का सद(cid:7021)य सिचव ।
3.(cid:32)
िनिध का उ(cid:7374)े(cid:7019)य :- िनिध का उ(cid:7374)(cid:7019)े य सू(cid:7023) म, लघु और म(cid:7007) यम उ(cid:7378)म(cid:7298), िवशेष (cid:7272)प से सू(cid:7023) म एवं लघु उ(cid:7378)म(cid:7298) के
संवध(cid:6981)न, िवकास और (cid:7079)ित(cid:7021) पधा(cid:6981)(cid:7004) मकता को बढ़ाना ह ै ।
4.(cid:32)
िनिध का (cid:7079)शासन – (1) िनिध स(cid:7023)ू म, लघ ु एव ं म(cid:7007)यम उ(cid:7378)म म(cid:7074)ं ालय म (cid:7286) क(cid:7286)(cid:7076) सरकार के (cid:7079)शासिनक
िनय(cid:7074)ं णाधीन होगा ।
(2) िनिध के रोजमरा(cid:6981) के काय(cid:7300) का (cid:7079)बंधन शासी प(cid:7407)रषद ्(cid:7367)ारा (cid:7408)कया जाएगा ।
(3) िनिध से कोई भी रािश केवल शासी प(cid:7407)रषद ्के अनुमोदन से ही (cid:7390)य क(cid:7409) जाएगी।
(4) िनिध म(cid:7286) जमा कोई रािश, िजसका त(cid:7004)काल उपयोग नह(cid:7277) (cid:7408)कया जाना ह,ै उसे क(cid:7286)(cid:7076) सरकार के अनुमोदन
से रा(cid:7398)ीयकृत ब(cid:7289)क म(cid:7286) जमा (cid:7408)कया जाएगा ।
5.(cid:32)
शासी प(cid:7407)रषद क(cid:7409) सरं चना – (1) शासी प(cid:7407)रषद म(cid:7286) िन(cid:7388)ो(cid:7334) शािमल ह(cid:7298)गे:-
(क)(cid:32) सू(cid:7023) म, लघु और म(cid:7007) यम मं(cid:7074)ालय के (cid:7079)भारी मं(cid:7074)ी – अ(cid:7007) य(cid:6979) पदने
(ख)(cid:32) सू(cid:7023)म, लघु और म(cid:7007)यम उ(cid:7378)म मं(cid:7074)ालय म(cid:7286) भारत सरकार के सिचव –सद(cid:7021) य पदने ;
(ग)(cid:32) अपर सिचव एवं िवकास आयु(cid:6989) त (सू(cid:7023) म, लघु और म(cid:7007) यम उ(cid:7378)म) –सद(cid:7021) य पदने ;
(घ)(cid:32) िव(cid:7275)ीय सलाहकार, सू(cid:7023) म, लघु और म(cid:7007) यम उ(cid:7378)म मं(cid:7074)ालय –सद(cid:7021)य पदने ;
(ङ)(cid:32) सू(cid:7023)म, लघु और म(cid:7007)यम उ(cid:7378)म मं(cid:7074)ालय म(cid:7286) सू(cid:7023)म, लघु एवं म(cid:7007)यम
उ(cid:7378)म(cid:7298) के िलए उ(cid:7275)रदायी भारत सरकार के संयु(cid:7334) सिचव - सद(cid:7021)य पदने ;
(च)(cid:32) सू(cid:7023)म, लघु और म(cid:7007)यम उ(cid:7378)म मं(cid:7074)ालय म(cid:7286) कृिष एवं (cid:7061)ामीण
उ(cid:7378)ोग के िलए उ(cid:7275)रदायी भारत सरकार के संयु(cid:7334) सिचव - सद(cid:7021)य पदने ;
(छ)(cid:32) बोड (cid:6981) (रा(cid:7398)ीय सू(cid:7023)म, लघु और म(cid:7007)यम उ(cid:7378)म) के अ(cid:7007)य(cid:6979) (cid:7367)ारा
नािमत दो सद(cid:7021)य – सद(cid:7021)य
(ज)(cid:32) अपर िवकास आयु(cid:7334) – सद(cid:7021)य सिचव¹Hkkx IIµ[k.M 3(i)º Hkkjr dk jkti=k % vlk/kj.k 3
(2) शासी प(cid:7407)रषद क(cid:7409) बैठक म(cid:7286) कोरम 5 सद(cid:7021)य(cid:7298) का होगा ।
(3) शासी प(cid:7407)रषद ्का िनण(cid:6981)य बैठक म(cid:7286) मौजूद सद(cid:7021)य(cid:7298) के ब(cid:7263)मत से होगा ।
6.(cid:32)
िनिध स े रािश का अनमु ोदन और जारी (cid:7408)कया जाना- (1) योजना अथवा प(cid:7407)रयोजना अथवा काय(cid:6981)कलाप को
िव(cid:7275)पोिषत करने के संभावना का मू(cid:7016)यांकन करने के िलए शासी प(cid:7407)रषद ् क(cid:7409) कम से कम छह महीन(cid:7298) म (cid:7286)
1 बैठक होगी ।
(2) शासी प(cid:7407)रषद ् अपने (cid:7367)ारा िनधा(cid:6981)(cid:7407)रत (cid:7408)कए गए मानद(cid:7003)ड(cid:7298) के आधार पर प(cid:7407)रयोजना(cid:7312) अथवा योजना(cid:7312)
अथवा काय(cid:6981)कलाप(cid:7298) को (cid:7079)ाथिमकता दगे ी और अनुमो(cid:7408)दत करेगी ।
(3) (cid:7408)कसी िविश(cid:7397) प(cid:7407)रयोजना, योजना अथवा काय(cid:6981)कलाप के िलए शासी प(cid:7407)रषद ् (cid:7367)ारा िनिध अनुमो(cid:7408)दत क(cid:7409)
जाएगी और जारी क(cid:7409) जाएगी ।
(4) एज(cid:7286)सी, िजसे िनिध से रािश जारी क(cid:7409) जाएगी, सद(cid:7021)य सिचव को उपयोिगता (cid:7079)माणप(cid:7074) (cid:7079)(cid:7021)तुत करेगी ।
7.(cid:32)
(cid:7079)गित (cid:7407)रपोट(cid:6981) क(cid:7409) समी(cid:6979)ा: (1) सभी प(cid:7407)रयोजना, योजना(cid:7312) अथवा काय(cid:6981)कलाप(cid:7298) िजसके िलए िनिध म (cid:7286) स े
रािश जारी क(cid:7409) जाती ह,ै क(cid:7409) ितमाही (cid:7079)गित (cid:7407)रपोट(cid:6981) (cid:7079)(cid:7004)येक वष(cid:6981) जून, िसत(cid:7013)बर, (cid:7408)दस(cid:7013)बर और माच (cid:6981) को समा(cid:7385)
होने वाली ितमाही के तीस (cid:7408)दन(cid:7298) के भीतर सद(cid:7021)य सिचव को िमल जानी चािहए ।
(2) ितमाही (cid:7079)गित (cid:7407)रपोट(cid:6981) शासी प(cid:7407)रषद के सम(cid:6979) (cid:7079)(cid:7021)ततु क(cid:7409) जाएगी िजसस े व े िनिध के तहत िव(cid:7275)पोषण के
िलए अनमु ो(cid:7408)दत िविभ(cid:7382) प(cid:7407)रयोजना(cid:7312), योजना(cid:7312) अथवा कायक(cid:6981) लाप(cid:7298) म (cid:7286) (cid:7263)ई (cid:7079)गित स े अवगत हो सक(cid:7286)ग े ।
8.(cid:32)
सिचवालय सहयोग - िवकास आयु(cid:7334) काया(cid:6981)लय (सू(cid:7023)म, लघु एवं म(cid:7007)यम उ(cid:7378)म मं(cid:7074)ालय) म(cid:7286) िनदशे क क(cid:7409)
अ(cid:7007)य(cid:6979)ता वाला एक अनुभाग शासी प(cid:7407)रषद ् को िनिध के काय(cid:7300) के (cid:7079)बंधन म (cid:7286) आव(cid:7019)यक सिचवालय सहायता
(cid:7079)दान करेगा ।
9.(cid:32)
वबे पोट(cid:6981)ल पर सचू ना - िनिध के सभी काय(cid:6981)कलाप(cid:7298) से संबंिधत सूचना सू(cid:7023)म, लघु और म(cid:7007)यम उ(cid:7378)म
मं(cid:7074)ालय क(cid:7409) वेबसाईट पर अपलोड क(cid:7409) जाएगी ।
10.(cid:32)
लखे ा एव ं लखे ा परी(cid:6979)ा- (1) शासी प(cid:7407)रषद ् उपयु(cid:7334) लेखे और अ(cid:7008)य संगत (cid:7407)रकाड (cid:6981) रखेगी और क(cid:7286)(cid:7076) सरकार
तथा भारत के िनयं(cid:7074)णक एवं महा-लेखापरी(cid:6979)क के परामश(cid:6981) से यथािनधा(cid:6981)(cid:7407)रत लाभ एवं हािन लेखे तथा
बैल(cid:7286)स शीट सिहत लेख(cid:7298) क(cid:7409) वा(cid:7414)षक िववरणी तैयार करेगी ।
(2) िनिध के लेख(cid:7298) क(cid:7409) लेखा परी(cid:6979)ा भारत के िनयं(cid:7074)क एवं महा लेखापरी(cid:6979)क (cid:7367)ारा (cid:7079)(cid:7004)येक वष(cid:6981) क(cid:7409) जाएगी
तथा इस (cid:7079)कार क(cid:7409) लेखा परी(cid:6979)ा म(cid:7286) उनके (cid:7367)ारा (cid:7408)कए गए (cid:7408)कसी भी (cid:7079)कार के (cid:7390)य क(cid:7409) (cid:7079)ितपू(cid:7414)त उ(cid:7008)ह (cid:7286) िनिध स े
क(cid:7409) जाएगी ।
(3) िनिध के लेख(cid:7298) क(cid:7409) लेखा परी(cid:6979)ा के संबंध म(cid:7286) भारत के िनयं(cid:7074)क एवं महा-लेखापरी(cid:6979)क और उनके (cid:7367)ारा
िनयु(cid:7334) (cid:7408)कसी भी (cid:7390)ि(cid:7334) को वही अिधकारी और िवशेषािधकार और (cid:7079)ािधकार (cid:7079)ा(cid:7385) ह(cid:7298)गे जो इस (cid:7079)कार क(cid:7409)
लेखा परी(cid:6979)ा के संबंध म(cid:7286) भारत के िनयं(cid:7074)क एवं महा-लेखापरी(cid:6979)क को सरकारी लेख(cid:7298) क(cid:7409) लेखा परी(cid:6979)ा के
संबंध (cid:7079)ा(cid:7385) होते ह,(cid:7289) िवशेष (cid:7272)प से उ(cid:7008)ह (cid:7286) बिहय(cid:7298), खात(cid:7298), संब(cid:7373) वाउचर(cid:7298), द(cid:7021)तावेज और कागज(cid:7298) को (cid:7079)(cid:7021)तुत
करने क(cid:7409) मांग करने और िनिध के (cid:7408)कसी भी कायाल(cid:6981) य का िनरी(cid:6979)ण करन े का अिधकार होगा ।4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
(4) भारत के िनयं(cid:7074)क एवं महा-लेखापरी(cid:6979)क अथवा उनक(cid:7409) ओर से उनके (cid:7367)ारा िनयु(cid:7334) (cid:7408)कसी भी अ(cid:7008)य
(cid:7390)ि(cid:7334) (cid:7367)ारा (cid:7079)मािणत िनिध के लेखा(cid:7312) को लेखा परी(cid:6979)ा (cid:7407)रपोट(cid:6981) के साथ वा(cid:7414)षक (cid:7272)प से क(cid:7286)(cid:7076) सरकार को
अ(cid:7061)ेिषत करन े ह(cid:7298)गे और सरकार उ(cid:7008)ह (cid:7286) ससं द के दोन(cid:7298) सदन(cid:7298) के सम(cid:6979) (cid:7079)(cid:7021)तुत करेगी ।
[फा.सं. 2/3(1)/2016-एमएसएमई नीित]
सुरे(cid:7008) (cid:7076) नाथ ि(cid:7074)पाठी, अपर सिचव
MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES
NOTIFICATION
New Delhi, the 28th October, 2016
G. S. R. 1032(E).— In exercise of the powers conferred by clause (c) of sub-section (2) of section 29 of the
Micro, Small and Medium Enterprises Development Act, 2006 ( 27 of 2006), the Central Government hereby makes the
following rules, namely:-
1. Short title and commencement.-(1) These rules may be called the Micro, Small and Medium Enterprises Fund
Rules, 2016.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. Definitions.-In these rules, unless the context otherwise requires,-
(a) “Act” means the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006);
(b) “Chairperson” means the Chairperson of the Governing Council of the Fund as referred to in rule 6;
(c) “Governing Council” means the Governing Council of the Fund referred to in sub-rule (1) of rule 5;
(d) “Fund” means the Micro, Small and Medium Enterprises Fund constituted in accordance with section
12 of the Act;
(e) “Member-Secretary” means the Member Secretary of the Governing Council;
3. Objective of Fund.- The objective of the Fund shall be promotion, development and enhancing the
competitiveness of micro, small and medium enterprises, particularly of the micro and small enterprises.
4. Administration of Fund.-(1)The Fund shall be under administrative control of the Central Government in
the Ministry of Micro, Small and Medium Enterprises.
(2) The day to day affairs of the Fund shall be managed by the Governing Council.
(3) Any money out of the Fund shall be spent only with the approval of the Governing Council.
(4) All moneys standing at the credit of the Fund which cannot be applied immediately shall, with the
approval of the Central Government, be deposited in a nationalized Bank.
5. Composition of Governing Council.-(1) The Governing Council shall consist of the following, namely:-
(a) Minister in charge of the Ministry of the Micro, Small and Medium
Enterprises -Chairperson ex officio;
(b) Secretary to the Government of India in the Ministry of Micro, Small
and Medium Enterprises -Member ex officio;
(c) Additional Secretary and Development Commissioner ( Micro, Small
and Medium Enterprises) -Member ex officio;
(d) Financial Adviser, Ministry of Micro, Small and Medium Enterprises - Member ex officio;
(e) Joint Secretary to the Government of India responsible for Micro,
Small and Medium Enterprises in the Ministry of Micro, Small
and Medium Enterprises -Member ex officio;
(f) Joint Secretary to the Government of India responsible for Agro
and Rural Industry in the Ministry of Micro, Small and Medium
Enterprises - Member ex officio;¹Hkkx IIµ[k.M 3(i)º Hkkjr dk jkti=k % vlk/kj.k 5
(g) two members to be nominated by the Chairperson of the Board
(of the National Board for Micro, Small and Medium Enterprises) -Members;
(h) Additional Development Commissioner -Member Secretary.
(2) The quorum of the Governing Council shall be Five members.
(3) The decision of the Governing Council shall be by majority of members present in a meeting.
6. Approval and release of money from Fund.- (1) The Governing Council shall meet at least once in six
months to assess the feasibility of funding the scheme or project or activity.
(2) The Governing Council shall prioritise and approve the projects or schemes or activities on the basis of
criteria laid down by it,
(3) The Fund for specific project, scheme or activity shall be approved and released by the Governing
Council.
(4) The agency to which the moneys from the Fund has been released shall submit the utilisation certificate
to the Member Secretary.
7. Progress reports and review.- (1) A quarterly progress report of all projects, schemes or activities for
which money out of the Fund has been released shall reach the Member- Secretary within thirty days of the
quarter ending June, September, December and March every year.
(2) The quarterly progress report shall be placed before the Governing Council to apprise them of the
progress of various projects, schemes or activities approved for financing under the Fund.
8. Secretarial support.- A Section headed by the Director in the office of the Development Commissioner
(Ministry of Micro, Small and Medium Enterprises) shall, provide such secretarial assistance to the
Governing Council as may be considered necessary in managing the affairs of the Fund.
9. Information on Web portal.- Information relating to all activities of the Fund shall be uploaded on the
website of the Ministry of Micro, Small and Medium Enterprises.
10. Accounts and audit.- (1) The Governing Council shall maintain proper accounts and other relevant
records and prepare an annual statement of accounts including the profit and loss account and the balance
sheet in such form as may be determined by the Central Government in consultation with the Comptroller
and Auditor-General of India.
(2) The accounts of the Fund shall be audited annually by the Comptroller and Auditor-General of India
and any expenditure incurred by him in connection with such audit shall be reimbursed to him by the Fund.
(3) The Comptroller and Auditor-General of India and any person appointed by him in connection with the
audit of the accounts of the Fund shall have the same rights and privileges and authority in connection with
such audit as the Comptroller and Auditor-General has in connection with the audit of Government accounts
and, in particular shall have the right to demand the production of books, accounts, connected vouchers,
documents and papers and inspect any of the offices of the Fund.
(4) The accounts of the Fund as certified by the Comptroller and Auditor-General of India or any other
person appointed by him in this behalf together with the audit report thereon shall be forwarded annually to
the Central Government and that Government shall cause the same to be laid before both Houses of
Parliament.
(F. No. 2/3(1)/2016-MSME Policy)
SURENDRA NATH TRIPATHI, Addl. Secy.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.