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Asset Restructuring Web Module—By SIDBI and ISARC

Published on December 02, 2020
Current Context: The Small Industries Development Bank of India (SIDBI) has partnered with India SME Asset Reconstruction Company (ISARC).
Asset Restructuring Web Module—By SIDBI and ISARC
  • They have entered into a partnership to launch the Asset Restructuring Web Module for MSMEs (ARM-MSMEs). 
  • The web portal will help MSMEs to get benefits of RBI’s MSME restructuring guideline. 
  • The web module is also termed as Do-It-Yourself (DIY) asset restructuring web module which will help MSMEs to draft restructuring proposals by keeping only the most essential data of their past financials, future projections and restructuring requirements.
  • The drafted proposal can be then submitted online to the banks and reports can also be generated for submission to banks through email or in hard copies.
  • This portal is also tested by some of the leading banks for use by their MSME clients.
  • Also, Punjab National Bank and Indian Bank have agreed to accept restructuring proposals received by MSMEs from this web module. 
  • Static Part: 
    • HQ of SIDBI: Lucknow, Uttar Pradesh

Question: 

Q.1 Who among the following launched Asset Restructuring Web Module for MSMEs (ARM-MSMEs)?
a. SIDBI
b. India SME Asset Reconstruction Company (ISARC)
c. SEBI
d. Both (b) and (c)
e. Both (a) and (b)
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