Monday, June 11, 2012

SBI's One Time Settlement of NPA's of MSME

SBI has launched an one time scheme named SBI OTS MSME, 2012, this scheme has been made applicable to all the MSME's with doubtful or loss assets.

Further details including the coverage, cases which are not eligible, Settlement Formula for one time amount, payment terms can be found on >>> SME >>> SBI OTS MSME, 2012.

SBI is also giving incentives @ 15% & 10% for those making full payments within one and three months.

The last date for receiving applications has been given as 31/7/2012. 

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