ENA MSME 2021-11-16 08:09:06 <p><strong>New Delhi, 16 Nov (KNN)</strong> To study the sick/closed small business units in the past five years, the Ministry of Micro, Small and Medium Enterprises invited bids on November 12, 2021.</p> <p>The entire research is expected to be completed in two months.</p> <p>All the data of registered MSMEs will be sourced through Udyam Portal, Udyog Aadhar Registration and EM-II.</p> <p>However, the government is facing problem in conducting this research as due to lack of accuracy in the data stored with not enough information on sick/closed units.</p> <p>As per the Micro, Small and Medium Enterprises Development Act, a micro and small is said to have become sick if any of its borrower accounts remains a non-performing asset for three months or more, or when accumulated losses erode an enterprises net worth to the extent of 50 percent during the previous accounting year.</p> <p>This initiative by the Central Government has also received its support from various MSME associations, calling it a positive step.</p> 27669 https://knnindia.co.in/news/newsdetails/msme/lack-of-accuracy-in-data-hinders-ministry-of-msme-study-on-sickclosed-small-units 2021-11-16 08:09:06 knnindia.co.in