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 - Centre Working on Fresh Economic Package to Address 2nd Wave of Coronavirus: Report
“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 - No Interest Cut on Small Savings Schemes: Finance Ministry Withdraws Orders 'Issued by Oversight'
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 - Govt Slashes Rates on Small Savings Schemes by up to 1.1 Per Cent, PPF Hits 46-Year Low of 6.4 Per Cent
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”.