• search

Sick units owe banks Rs 30,000 crore

Written by: Staff
|

New Delhi, Mar 17 (UNI) Commercial banks in the country have outstanding loans worth nearly Rs 30,000 crore from sick industrial units, Finance Minister P Chidambaram today said.

The amount outstanding in the books of scheduled banks in respect of sick industrial units other than in small scale industries sector as on March 2003 was Rs 29,109.89 crore, Mr Chidambaram told the Lok Sabha in a written reply.

The outstanding loans in respect of sick industrial units in the small scale sector as on March 2005 was Rs 5,380.13 crore, he said.

A debt restructuring mechanism and a one-time settlement scheme for small and medium enterprises are being created as part of the efforts to step up credit to small and medium enterprises, he said.

UNI FZ RA DS1418

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more