Sick/Closed Industrial Units

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..... Sick/Closed Industrial Units - News and Press Release Dated:- 1-8-2014 - News - A statement showing state-wise position of sick Micro Small Enterprises (MSEs) as maintained by RBI and sick Medium .....

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..... Enterprises is annexed. The revised guidelines for rehabilitation of sick units in the MSE sector have been issued by RBI vide their circular RPCD.CO.MSME NFS.BC.40/06.02.31/2012-13 dated Novembe .....

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..... r 1, 2012 which inter-alia provides: (i) Introduction of handholding stage to prevent sickness. (ii) Banks to decide on the reliefs and concessions for rehabilitation of viable/ potentially .....

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..... viable units based on their own Board approved policies. (iii) The banks to put in place a non-discretionary One Time Settlement Scheme for recovery of non-performing loans for the Micro Small En .....

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..... terprises (MSE) Sector, duly approved by the Board of Directors. Small Industries Development Bank of India (SIDBI) has also introduced a Scheme for Management/ Restructuring of Stressed Assets an .....

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..... d Rehabilitation Scheme for Micro, Small Medium Enterprises (MSMEs) . The Scheme provides for relief and concessions (in the form of re- schedulement, reduction in rate of interest, funding of overd .....

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..... ue/ future interest and waiver etc.) as well as need based additional financial assistance for revival of MSME sick units. Click here to see Annexure. - News - Press release - PIB Tax Manage .....

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..... ment India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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