SME Times News Bureau | 10 Jun, 2015
Ruling out any proposal for waiving loans of micro, small
and medium enterprises (MSMEs), Union MSME Minister Kalraj Mishra has said his
ministry has come out with a scheme for revival of sick units by providing
additional assistance, reports media.
"No no. There is no proposal for waiver of loans of MSME sector,"
said the minister when asked about loan waiver for MSMEs on the lines of
agricultural sector.
More than four lakh MSME units in the country had been identified as sick and
there was possibility of reviving 35,000 units, he told reporters in Coimbatore
on Tuesday.
Stating that RBI had already come out with the list of sick units, he said the
ministry wanted the revival of as many units as possible without making them
non-performing-assets.
The Ministry had sounded various banks, which would form a committee for
identifying the units and for working out the modalities to revive them, he
said.
Mishra was in Coimbatore to lay the foundation stone for a Centre of
Excellence, proposed by Coimbatore District Small Industries Association, on
the concluding day of five-day industrial exhibition, Intec-2015.
Clarifying on the request by the association on the need for a tool room in the
city, a major MSME hub, he said the ministry had identified Chennai as one of
the 15 locations to set up tool rooms during this plan period.
However, the ministry would consider sanctioning an extension office in
Coimbatore so that MSME in the region could benefit, he added.
He also sought land from the association for considering setting up a Technological
Centre.
Earlier in his valedictory address, Mishra said MSME sector accounted for 36 percent
of total industrial production, 40 percent of total exports and contributed
very significantly to the country's GDP.