Sunday, December 2, 2018

Revival of Sick MSME Units:- CSR Way

News Letter
Date:02/12/2018
Revival of Sick MSME Units:- CSR Way

It is well known that the MSME sector is the second largest employer after agriculture and employ 11 to 12cr people.
As per MSME pulse, 90000cr is in NPA in MSME but they do not project proable jobs in this sick MSME. Our estimate shows that 1cr jobs are at stake.
As, all social and welfare of society, Govt alone can not do, so they made CSR compulsory for many corporate companies and about 10000cr (as per last year) was spent on this initiative.
As one of the desires activity is employed by law, I would suggest that CSR funds should be permitted in this sick MSME as it is retaining jobs.
If today's laws, of this, is not included, can it be included in the amendment of CSR laws?


Regards,
N.P. Desai
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Chief Consultant
Mob: 9885326553

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