The Minister also informed that the Reserve Bank of India had also at its Regional Offices constituted Empowered Committees to review the progress in rehabilitation of sick small and medium units, which would prove to be useful in overcoming the problem of sickness.
Cautioning the banks, the Minister said, “it has been noticed that more often than not the benefit of loan goes to rich entrepreneurs. This trend has to be reversed.
Some of the Members were of the view that apart from agriculture, micro and small enterprises generate employment in the rural areas. Hence, the sickness of these sectors should be addressed effectively.
Press Information Bureau Government of India
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