MSME Ministry to work out strategy for revival of sick unitsThe MSME Ministry will work out modalities to revive sick industry soon, Union Minister Kalraj Mishra said today.
5.37 lakh units in MSME sector sick as of March: Giriraj SinghAs many as 5.37 lakh units in the micro, small and medium enterprises (MSMEs) were sick as of March this year, Parliament was informed toda...
Need to revive over 30,000 sick MSME units in Maharashtra: MinisterThere is a need to revive over 30,000 sick MSME units in Maharashtra as the sector is one of the largest contributors to the state's GDP, I...
MSME Board deliberates on sector-specific issuesMishra said the MUDRA Bank will prevent small entrepreneurs from exploitation at the hands of money lenders and will instill new confidence...
Government proposes framework for revival of sick MSMEsThe objective of the draft framework is to help MSMEs seek standard as well as customised relief and concession to tide over difficult fina...
Many MSMEs either shut down or sick due to shortage of funds: GovernmentRBI, in its circular issued on November 1, 2012 had directed banks to provide non-discretionary one time settlement (OTS) to non-viable sic...
Ministry working on sweetening bankruptcy pill for sick unitsThe government is working on developing a bankruptcy framework to offer easier exit routes to sick companies while helping revive those wit...
Nearly 2.5 lakh sick MSME units in the countryAs per provisional data provided by RBI, 8,836 sick MSEs have been identified as potentially viable of which 4,460 are under 'nursing' as o...
UP needs policy to revive sick industrial units: AssochamAssocham today suggested formation of a high-power committee to draft an effective policy to accelerate the growth and development process ...
- Number of sick medium units up 44% in FY'12
There was a sharp 44% spurt in the number of medium firms that became sick during 2011-12, although micro and small units witnessed a decli...
Over 88,500 MSMEs are sick, face challenges like lack of demand and inadequate credit : KH MuniyappaThe government today said there were over 88,500 sick Micro, Small and Medium Enterprises (MSMEs), which have been facing challenges like l...
- Reserve Bank Deputy Governor KC Chakrabarty expresses concerns about shrinking credit to MSMEs
Chakrabarty today said MSMEs play a major role in employment generation and economic growth and expressed concerns over declining credit to...
- RBI for setting up of rehabilitation fund for sick MSMEs
The Reserve Bank has suggested setting up a rehabilitation fund for reviving sick micro, small and medium enterprises (MSMEs) in the wake o...
Micro, small and medium enterprises too deserve exit optionWe need a personal insolvency code that would cover unregistered micro, small and medium enterprises.
- Fin Min, RBI to direct banks to step up credit to MSME
The Finance Ministry and the Reserve Bank will issue directions to the banks to step up credit for micro, small and medium enterprises.
- Steps to revive 1,262 sick units in MSME sector
MSME minister Mahabir Prasad, said as per the RBI data the number of sick MSMEs in India is 85,187 (till March, 2008), of which 1,262 have ...
- RBI sets up working group to rehabilitate sick MSMEs
RBI has set up a working group for improving the financial health of small and medium enterprises, Minister of Micro, Small and Medium Ente...