New Delhi: Finance Minister Nirmala Sitharaman said a total 5.53 lakh MSME accounts have been identified and out of which 5.28 lakh entities have been restructured and the process will be done by March 15. Also Read - Corona Funds For Delhi Rs 0: AAP Complains Against Centre's Bias
“So far, a total of 5.53 lakh MSME accounts have been identified and out of which 5.28 lakh entities have been restructured… By March 15, every MSME request must be cleared. Banks have given us information on how many MSMEs restructured reached out, their loans and everything. Few MSMEs that are pending before them, we have requested them to clean out all by March 15,” the FM said at the heads of meeting with PSU banks. Also Read - Pradhan Mantri Garib Kalyan Yojana: Nirmala Sitharaman Unveils Rs 1 Lakh 70 Thousand Crore Package. Who Will Benefit?
Recently, the Reserve Bank of India had extended the restructuring deadline for stressed MSME accounts. The restructuring scheme is applicable for MSMEs up to Rs 25 crore. Also Read - Sensex Surges Over 1,200 Pts With Gains in Banking, IT Shares, Nifty Tops 8,600 Mark
Sitharaman, who released the Enhanced Access & Service Excellence-3.0 (EASE-3.0 Agenda) and EASE 2.0 Annual Report, also said that “as soon as the parliament session is over, I have requested the banks to make arrangements and go to one district and the particular branches in that district on a particular day. That one day all the staff will come over after the banking hours to address the grievance of the bank… what additional support is required to get the momentum going”.