Home / Knowledge / News / Sickness in MSE sector discussed
Sickness in MSE sector discussed
07
Feb '08
At the instance of the Ministry of Micro, Small & Medium Enterprises, the Reserve Bank of India has set up a Working Group on Rehabilitation of sick Small and Medium Enterprises under the chairmanship of CMD, Punjab National Bank.

This was stated by Shri Mahabir Prasad, Union Minister for Micro, Small & Medium Enterprises while addressing the Members of the Parliamentary Consultative Committee attached to his Ministry.

He informed that this Group so far held meetings with various stakeholders including commercial banks/financial institutions, MSME Associations, State Governments, MSME entrepreneurs, etc.

Further, in association with the MSME Association, the Group is in the process of collecting information from sick MSMEs to gain useful insight at the grassroots level. The report is being finalised.

The agenda for meeting was “Sickness in the micro and small enterprises (MSE) sector”.

Shri Prasad said, as per analysis by the Reserve Bank of India recently on the position up to March 2007, the number of sick micro and small enterprises was 1.14 lakh in the country, which shows that in comparison to the year 2006 there has been a decrease in the number of sick units in the year 2007. The banks assume an important role in overcoming the problem of sickness in micro and small enterprises.

Shri Prasad informed that the Reserve Bank of India took significant steps recently related to sickness. These mainly include: (i) issuing guidelines to all the public sector banks on One-Time Settlement (OTS) Scheme for small and medium enterprise accounts, (ii) issuing detailed guidelines regarding debt restructuring mechanism for all eligible small and medium enterprises, (iii) implementing a simplified one-time settlement scheme for small borrowers whose principal amount is upto Rs.25,000/- so that borrowers become eligible for fresh loans, etc.


Must ReadView All

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Courtesy: ITMA

Textiles | On 22nd Sep 2017

ITMA 2019 to focus on smart garment technologies

ITMA 2019, the world's largest textile and garment technology...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search