No closure of auto manufacturing units reported to Govt: MoS Heavy Industries

New Delhi: The Minister of State (MoS) for Heavy Industries & Public Enterprises, Arjun Ram Meghwal said in Parliament yesterday that no closure of any automobile or ancillary manufacturing units has been reported to the Government.

The Government, as a policy maker, always attempts to keep and improve momentum of the economy through a package of measures for comprehensive and continued development of the industry as and when required.

The Government from time to time, infuses capital in public sector NBFCs based on an objective assessment of requirements.

With regard to policy for restructuring bank loan for MSMEs, it is stated that RBI has issued a policy for restructuring of advances to Micro, Small and Medium Enterprises sector.

This information was given by the Minister of State for Heavy Industries & Public Enterprises, Arjun Ram Meghwal, in a written reply in the Lok Sabha on 10 December.


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The ID Staff

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