Framework for Revival and Rehabilitation of MSMEs.

 Vidarbha Industries Association

1st Floor, Udyog Bhawan Civil Lines, Nagpur – 440 001, M.S. India
Tel : 0712-2554090 / 2561211
Email : Website :

Ref; VIA/Help Desk/2015

July 8, 2015

To : All Members

Sub : Framework for Revival and Rehabilitation of MSMEs.

 Dear Sir / Madam,

 The Govt. of India has notified the instructions for the Framework of Revival and Rehabilitation of MSMEs, which have came into force from 29th May 2015. This is mainly to first identify incipient stress in the account of MSMEs by creating three sub categories under Special Mention Account [SMA] category as under :

SMA A/c.Sub Categories Basis of Classification
SMA-0 Principal or interest payment not overdue for more than 30 daysbut account showing signs of incipient stress.
SMA-1 Principal or interest overdue between 31-60 days.
SMA-2 Principal o interest overdue between  61-90 days.

and thereafter to take appropriate steps for revival and rehabilitation.

Committee for stressed MSME.

In short, there will be a committee for stressed MSMEs for deciding a corrective action plan. Either the enterprise or the bank or creditor will file an application in the said committee which will take appropriate decision about the rectification/restructuring/recovery etc.

Composition of the Committee:

  1.     Regional or Zonal Head of the bank
  2.     Officer I/c of MSME Credit Department of the Bank at Regional /Zonal office level, who shall be the member and convener    of the       Committee One independent external expert with expertise in MSME related matters
  3.     One representative from concerned State Government.


For details; Notification is fully available on website  /

copy available at VIA.


This is for your information and appropriate action.

Rohit Agrawal

Hon. Secretary

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