Central Bank of India in pact with SIDBI for Asset Restructuring Module for MSMEs

New Delhi, Dec 30 (KNN) Central Bank of India (CBI) has signed  an MOU with  SIDBI on December 28th at Mumbai to facilitate Micro, Small and Medium Enterprises (MSME) customers of the bank to use web based Asset Restructuring Module for MSMEs (www.arm-msme.in) , a Do-It- Yourself tool.

''It will help MSME customers to submit Restructuring plan for their units online to the Central Bank of India in a simple and easy manner,'' the bank said in a statement on Tuesday.

Small Industries Development Bank of India (SIDBI) in partnership with local MSME associations have placed credit counsellors at different locations to provide hand holding support to MSME units seeking restructuring.

''All these services are available free of cost,'' it added.