Quick update: Nearly 2.5 lakh sick MSME units in the country

Dec 20 2013, 02:23 IST
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SummaryThe number of sick MSMEs in March 2013 stood at 2,48,890, minister of state for MSMEs KH Muniyappa told the Lok Sabha.

The number of sick micro, small and medium enterprises in the country rose substantially after the revision in the definition of sickness by the Reserve Bank in November 2012, Parliament was informed. The number of sick MSMEs in March 2013 stood at 2,48,890, minister of state for MSMEs KH Muniyappa told the Lok Sabha recently. The figure went up sharply from 88,635 in March 2012 “on account of revision of definition of sickness” by the RBI, he said.

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