The Micro, Small and Medium Enterprises Development Act, 2006
10. Credit
facilities.-
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.