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Rehabilitation for sick MSMEs

News and Press Release - Dated:- 28-4-2016 - In order to provide a simpler and faster mechanism to address the stress in the accounts of MSMEs and to facilitate the promotion and development of MSMEs, the Ministry of Micro, Small and Medium Enterpris .....

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rises . Further, in order to make it compatible with existing regulatory guidelines on Income Recognition, Asset Classification and provisioning pertaining to Advances, Reserve Bank of India in consultation with Ministry of MSME has also issued circu .....

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cable to MSMEs having loan limits up to ₹ 25 crore, including accounts under consortium or multiple banking arrangements (MBA). The guidelines provided for identification incipient stress in the account creating three sub categories under the S .....

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10 lakh to a Committee at regional or zonal level within five working days and accounts with aggregate loan limits up to ₹ 10 lakh identified as SMA-2, the account should be mandatorily examined by the branch itself under the authority of the .....

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composition of the committee, the terms of appointment of its members, manner of filling vacancies and the procedure to be followed in the discharge of the committee s functions. All eligible stressed MSMEs shall have access to the committee for res .....

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016. Ministry of MSME has a number of schemes to provide credit support to MSMEs including Credit Guarantee Fund Trust for Micro and Small Enterprises, Performance & Credit Rating Scheme, Prime Minister s Employment Generation Programme and Credi .....

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