A MSE is considered ‘sick’ when any of the borrowing account of the enterprise remains Non Performing Asset for three months or more or There is erosion in the net worth due to accumulated losses to the extent of 50% of its net worth. For re-establishment of the MSE, Government of Gujarat has come up with this scheme, whose key features are enlisted below:
Period of Operation:
1st January 2015 to 31st December 2019
- Micro and Small Sick Enterprises acknowledged under the MSMED Act 2006 and satisfying criteria of Sick Enterprises as per the RBI guidelines.
- For preparing the diagnostic report from expert/ expert agency and expenditure thereof will be reimbursed @50% of cost of Draft Rehabilitation Scheme as assistance subject to maximum of Rs. 1 Lakh to Sick Enterprise.
- Sick Registration issued by Industries Commissioner will indicate that the enterprise is sick as per RBI Guidelines.
Shri G. I. Desai
Joint Commissioner of Industries (IM)
Block No. 1, 3rd Floor, Udyog Bhavan, Sector-11,
Gandhinagar. 382 017
+91 79 23252682/23252619
For More Info: Click Here
For Application form of scheme: Click Here
Support for Preparing Diagnostic Study Report: Application Form