Financial Daily from THE HINDU group of publications
Tuesday, Dec 21, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - SSI


PHDCCI for effective debt restructuring scheme for SMEs

Our Bureau

New Delhi , Dec. 20

PHD Chamber of Commerce and Industry (PHDCCI) on Monday called for the formulation of an effective, borrower-friendly and optional debt restructuring scheme for small-scale industries. Such measures will not only benefit small enterprises, but will also help banks reduce their non-performing assets.

The chamber said in a statement that along with the borrower and bankers, other stakeholders, including the Central and State-level financial institutions, should also be involved in this mechanism. To provide greater financial flexibility, the threshold limit for eligibility under this mechanism should be Rs 2 crore onwards.

PHDCCI suggested that in the long-run, the proposed scheme should also cover partnership firms and sole proprietors, albeit with different cut-off limits.

Also, it mooted that to spur banks to undertake and implement such debt restructuring schemes, appropriate tax breaks should be given to bankers.

More Stories on : SSI | Industry Associations

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Networking of law offices in Kerala


Kerala's annual Plan outlay fixed at Rs 5,369 crore
ICAI panel okays framework for `networking' CA firms
Malaysian PM moots FTA with India
Doctors advise caution on arthritis drug
Separate norms likely for drug trials on children, elderly, pregnant women
Arab Health woos Indian healthcare cos
Roadmap to develop infrastructure sector by Jan-end: Montek
Steps to strengthen drugs Act
Novartis' Glivec story: A sign of things to come?
Chidambaram allays fears of traders on VAT — To hold series of meetings to deal with genuine difficulties
FICCI wants Govt to revisit dividend tax
Kerala Coir body feels VAT is detrimental to it
Processing, weaving, garmenting key growth areas in post-MFA era
PHDCCI for effective debt restructuring scheme for SMEs
Transmission losses hit water supply to RINL
DTH channels: Govt plans law to address security, obscenity issues
Sun Network ties up with Malaysia's Astro
Narsee Monjee students bag Crisil awards
Dazzling Necklace
CII-Coimbatore launches soft skills training programme
FAPCCI plea on wage ceiling for ESI coverage
KniCMA seeks higher interest subsidy for TUFS borrowings
Food aid shipments may top 8.5 mt
Bidders shortlisted for AP broadband project
Dr Raj Reddy makes PCs talk the masses language
Biomass gasifier unit installed in Tirunelveli dist
CII workshop on vanilla
Active Chinese participation in trade fair in Kolkata
In Hyderabad today
Dubai holiday package
Demand to bring tea imports under PFA Act
Rathi Vinay Jha to head FDCI



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line