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Government to revamp revival framework for MSMEs
Hindustan Times Lucknow
|January 13, 2025
The government is working on revamping the framework for revival and rehabilitation (FRR) of debt-ridden micro, small, and medium enterprises in order to make it easier for small businesses to restructure the loans they have taken out, said two people in the know of the development.
NEW DELHI: The framework would be known as FRR 2.0. The existing 2015-16 framework, which covers MSMEs with a debt of up to ₹25 crore, calls for lenders to come up with a plan to recover debt and streamline the operations of the enterprise.
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