Over 90K MSEs sick

The number of sick micro and small enterprises (MSEs) in the country has increased to more than 90,000 during the last financial year, Parliament was informed today. “According to data complied by the RBI from the scheduled commercial banks, the number of sick MSEs in the country at the end of March 2011 were 90,141,” Micro, Small and Medium Enterprises (MSME) Minister Virbhadra Singh said in a written reply to the Lok Sabha. At the end of March 2010, there were 77,723 sick MSEs, he added.