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Few Takers For MSME Restructuring Scheme Even As Deadline Looms
Just like large corporates, MSMEs stay away from large scale restructuring of debt.
16 Mar 2021, 08:00 AM IST
As the central bank’s restructuring scheme for micro, small and medium enterprises draws to a close in a fortnight, only 2-3% of the outstanding debt to these companies will likely have been restructured under the special provision, bankers said.The one-time restructuring permitted for small business, without an asset classification downgrade, was first introduced in January 2019 and later extended after the Covid-19 crisis hit. Unli...
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