Nearly one month after Union Finance Minister Nirmala Sitharaman revealed the revival bundle for stressed out micro, little and medium business, the scheme is yet to see the light of the day.
Aimed at 2 lakh units
According to the scheme, the banks were expected to provide subordinate-debt to promoters of stressed MSMEs, upto 15%of their existing stake in the system subject to an optimum of75 lakh. The scheme is yet to take off as the Reserve Bank of India (RBI) is yet to release the standards for the scheme.
