9911796707
TMI BlogEnterprises Facilitation CouncilsX X X X Extracts X X X X X X X X Extracts X X X X ..... Enterprises Facilitation Councils X X X X Extracts X X X X X X X X Extracts X X X X ..... t not more than five members. As per provisions of Section 18 of the MSMED Act, 2006, every reference made to MSEFC should be decided within a period of 90 days from the date such a reference is made. Furthermore, follow up is done with the State Governments/UT Administrations for timely disposal of the cases. In order to provide a simpler and faster mechanism to address the stress in the accoun ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ts of MSMEs and to facilitate their development, the Ministry of MSME had notified a 'Framework for Revival and Rehabilitation of MSMEs' on 29th May, 2015. Under this framework, any enterprise can seek revival and rehabilitation benefit through a Committee constituted by the banks with representatives of State Governments, experts, regional or zonal head of the bank and the officer in charge of MS ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... MEs credit department of the bank. RBI has issued the revised Framework in consultation with the Ministry of MSME on March 17, 2016 to the banks.
This information was given by the Minister of State, Micro, Small and Medium Enterprises, Shri Giriraj Singh in a written reply to a question in Lok Sabha here today. X X X X Extracts X X X X X X X X Extracts X X X X
|
