TIME SETTLEMENT SCHEME FOR MSE NPAs
In accordance with RBI guidelines, our Bank formulated the scheme for
One-time settlement for Micro Small & Medium Enterprises. The details
of the scheme are made available with Branch Managers of the Bank. The
scheme covers all Micro and Small Enterprises which are Non Performing
Asset (NPA) as on 31.03.2008. The scheme is non-discretionary and non-discriminatory.
The scheme is valid up to 31.03.2010. The amount to be recovered by the
Bank will be as per the norms indicated in the Circular.
This information is being ported with a view to make the availability
of the scheme known to all MSMEs and to offer the benefits. Wherever
the MSMEs have a grievance in implementation of the scheme, they
can be in touch with the Zonal Manager, MSME Care Centre
located in all our Zonal Offices of the Bank. The address
of the Zonal Offices of our Bank is already ported in the website.