1. What is the Objective of ARM-MSME module?
Ans: GOI and RBI have come up with several measures to extend relief to MSMEs to tide over the present pressing times post COVID pandemic. One-time restructuring window under Covid Relief Package has also been announced by RBI for MSMEs in August 2020.
In this backdrop, SIDBI and its associate, ISARC (India SME Asset Reconstruction Co. Ltd.) have taken initiative to develop a web-based “Asset Restructuring Module for MSMEs (ARM-MSME)”. It is an automated/ online Do-It-Yourself (DIY) web-portal for MSMEs to self-create their restructuring proposal/ financial viability projections by iteration of multiple scenarios and relief options. The restructuring proposal can be submitted online to the concerned Banks (upto 3) through this module.
The portal would also help the Banks by providing facility to rework the financial viability plan/ projections of MSME units submitted through the portal with standardized approach for timely disposal.