|
"One of the casualties of the process of liberalization has been the care, which the public sector banks used to take, in nursing sick SSI units. According to the extant definition, an SSI unit is considered as sick, if any one of its borrowal accounts remains substandard for more than two years, i.e. principal or interest in respect of any of its borrowal accounts has remained overdue for a period exceeding 2-1/2 years and there is erosion in the net worth due to accumulated cash losses to the extent of minimum 50 per cent of its peak net worth during the preceding two accounting years. The existing instructions do recommend the need for rehabilitating potentially viable sick ssi quickly. The task of segregating potentially viable units from the ones which are not viable, has been given to the concerned banks. As on March 31, 1997, the banks found that out of 2,35,032 sick SSI units with outstanding dues of Rs. 3,609.20 crore, only 16,220 units with outstanding dues of Rs.479.31 crore were potentially viable and out of that only 10,539 units with outstanding balance of Rs.322.28 crore were under nursing/rehabilitation programmes. The need for quick rehabilitation of SSI units is imperative for a long term healthy growth of SSIs."
-- S.L.Kapoor Committee report on credit
|
Contact Us
Registration for Seminar:
please send nominations with details of Name of person/s,address for contact
Company name along with demand draft for Rs.300/- (three hundred only)
per participant towards course materials,tea/coffee,& lunch.
The demand draft/cash may be sent in favour of FASII PROGRAMMES &
CONVENTION COMMITTEE a/c payable at Chennai and mailed to
Mr.T.V.Hariharan
Vice-Precident,FASII(S.R)
FASII-Southern Regional Office
10,G.S.T.Road,Guindy
Chennai-600 03
tel:2343413 & 2343531
fax:2341682
Grams:'FEDSIND'
|