TaxTMI 
TaxTMI 
Successful SME
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....uccessful SME <br>News and Press Release<br>Dated:- 11-12-2012<br><BR>Press Information Bureau Government of India Ministry of Micro,Small & Medium Enterprises 10-December, 2012 16:14 IST As per the data furnished by the Reserve Bank of India (RBI), there were 100.08 lakh accounts of Micro, Small and Medium Enterprises (MSMEs) who availed loans from Scheduled Commercial Banks at the end of M....
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....arch, 2012. The data on sick MSMEs in respect of these banks, indicate that there were 89,642 sick enterprises at the end of March, 2012. The factors responsible for unsuccessful entrepreneurs include "Marketing Problem", "Finance Problem", "Could not survive competition" etc. The potentially viable sick units are encouraged to revive their activities by way of providing rehabilitation package as....
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.... announced by RBI. Financial assistance, by way of debt restructuring, including fresh loans for rehabilitation of MSEs is provided by primary lending institutions, including commercial banks, which provide credit to the MSEs. RBI has issued following guidelines / instructions to banks in this respect. (i) Rehabilitation of sick MSEs (January 2002) (ii) Debt restructuring mechanism relating to v....
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....iability criteria, prudential norms for restructured accounts, provision of additional finance and time frame for restructuring package (September 2005); and (iii) Restructuring / rehabilitation policy with non-discretionary one-time settlement scheme for MSE sector (May 2009). As per RBI data, out of 89,642 sick enterprises at the end of March, 2012, 6751 were put under nursing for rehabilitati....
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....on. This information was given by the Minister of State (Independent Charge) for Micro, Small and Medium Enterprises, Shri K. H. Muniyappa in a written reply to a question in the Rajya Sabha today. ***** RTS/HSN<BR> News - Press release - PIB....