TaxTMI 
TaxTMI 
Sick/Closed Industrial Units
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....ick/Closed Industrial Units <br>News and Press Release<br>Dated:- 1-8-2014<br><BR>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 November ....
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....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 viable uni....
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....ts 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 Enterprises (M....
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....SE) 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 and Rehabilitati....
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....on 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 overdue/ future int....
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....erest and waiver etc.) as well as need based additional financial assistance for revival of MSME sick units. Click here to see Annexure.<BR> News - Press release - PIB....