Sick units with viable biz model may get govt support: Secy

Government is ready to provide financial support to revive sick industrial units if it comes across a viable proposal, MSME Secretary Anup K Pujari said today.
"If there is a specific idea in your mind and need some financial support to revive sick units, you may come up with a proposal," said Pujari at an Assocham conference here.
"Among the companies which have turned sick, if their business proposition is good but it has not been executed correctly, they may very well revive," he added.
He also said that the one-page Udyog Aadhaar Memorandum recently notified by the government which must be filled online by all micro, small and medium enterprises (MSMEs) is getting a good response from the people.

"There are some people who are criticising us because it is called Udyog Aadhaar, it is an erroneous impression that Aadhaar number is mandatory to get Udyog Aadhaar Memorandum filed," said Pujari.
He, however, clarified that while an Aadhaar number is required because it is filed electronically, it need not be the Aadhaar number of that entrepreneur or the enterprise.
"Any incorporated company will have an authorised representative who files for them, we want that person's Adhaar number, it is to ensure that whatever is being filed is not a ghost filing," Pujari said.
"We also have a checking system on that by which we take the bank details and the IFSC code of that, I do think this will simplify ease of doing business," he added.