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Showing posts from November 18, 2018

Open Letter in response to the article published on Business Line (19.11.2018)- Unorthodox approach to resolving NPAs

Open Letter in response to the article published on Business Line (19.11.2018)- Unorthodox approach to resolving NPAs
An unorthodox approach to resolving NPAs I have read with a lot of interest the article in the business line of 19.11.2018 You have covered a gamut of large borrowers and as per RBI & IBC, this may be the need of the hour and every senior person, in all stakeholders are working for 500cr and above assets. For the last 36 months, I am working for the revival of sick MSME and now for the last 12 months, I am investing in these sick MSME in the form of equity. My study shows that on average of 5lacs investment, it will be possible to revive one MSME with 20 workers (in operation). As you have mentioned, it will be difficult challenge to create such fund for large corporations but for small MSME unit, we can depend on CSR funds, impact investors, philanthropic foundations, equity kind of crowdfunding. I am suggesting following Tax incentives: 1.As of now 90 to 95% MSME …