Revival of sick industries

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INVC,,

Board for Reconstruction of Public Enterprises (BRPSE) has given its recommendations for revival of 55 Central Public Sector Enterprises.

Bases on the Recommendations of BRPSE, Government have approved revival of 37 CPSEs envisaging total assistance of Rs. 15253 crores( cash assistance of Rs. 2921 cores in the form of infusion of funds and non-cash assistance of Rs. 12332 crores in the form of waivers/write offs of interest/loans, etc.) from Government of India.

The concerned administrative ministries/departments of the CPSEs prepare proposals for revival / rehabilitation / joint venture / disinvestments or closure of sick companies on case to case basic and refer them to BRPSE for its recommendations and thereafter for approval of the Government.
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