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Last updated: 24 Jul, 2015  

giriraj-singhTHMB.jpg Over 5 lakh MSMEs reported sick till March: Giriraj

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SME Times News Bureau | 24 Jul, 2015
As many as 516,619 micro small and medium enterprise (MSME) units have been reported sick by commercial banks who are owed as much as Rs.33,378.17 crore by them as on March 2015, parliament was informed on Thursday.

The number of sick units have in fact more than doubled from March 2013 to March 2014 - 222,204 and 468,397 respectively.

The most were in Uttar Pradesh with 77,761, followed by 50,006 units in Maharashtra, 49,003 units in Gujarat, 44,719 in Tamil Nadu, 43,437 units in Andhra Pradesh and 38,835 units in West Bengal.

Listing the steps for revival of closed/sick MSMEs, Minister of State for MSMEs Giriraj Singh told the Rajya Sabha in a written reply that the revised guidelines for rehabilitation issued on November 1, 2012 by the Reserve Bank of India provide for early detection of sickness, a viability study to form the basis of rehabilitation package to potentially viable sick MSEs and a non-discretionary one time settlement (OTS) scheme for the MSE sector.

"Ministry of MSME has issued a 'Framework for Revival and Rehabilitation of MSMEs' vide a Gazette Notification dated May 29, 2015 for the purpose of facilitating the promotion and development of MSMEs," he added.
 
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Over 5 lakh MSMEs reported sick till March: Giriraj
J A RAJ | Thu Jul 30 13:19:08 2015
Unfortunately most of these MSME's are backed by politicians who make this another channel of making money by recommending them to the banks. Actual desired and potential entrepreneurs done get any facility from any Government financial institutions/Banks. Added to this there is a cut needed by every body. tell me how this will be success story. Please encourage the right candidates who are looking for support and have the fire to succeed.


More than 5 Lacs MSME Industries are sick.
O.P.Khandelwal | Thu Jul 30 05:39:39 2015
As per Govt. of India, more than 5 lacs MSME industries are sick. Most of the due to financial crises. When ever such reports comes out, it a practice that simply Govt. announce that they are taking such - such step to help the MSME industries. But in facts there is a big gap between step taken & announcement. Specially when Govt. of India comparing with china. It is well known facts that china growth is tremendous, because when ever there is a industrial crises, immediately Govt. of China is taking step for improvement the situation, and the industrialist are getting all the helps for improvement. In compare to China, in India , the gap between announcement & actual implement , one has to lost his footwear completely, but he will not get the help, some times not only the original applier but his successor get the help, but till such time, the situation has changed. So Govt. of India think over this practical issue & now take the hard step to cover the gap. This will not only help the industries to grow more & more, but this will also make India prosperous, what is the actual dream of every Indian.


 
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