The Committee for Rehabilitation of Sick Enterprises, chaired by the Secretary to Government (Industries and Commerce), makes the final decision regarding assistance for rehabilitation.

Financial institutions include PIPDIC, Government Corporations, Scheduled Banks, and Co-operative Banks.

Yes, the Chairman of the Committee may co-opt the Branch Manager of Financing Banks, President/Secretary of Industrial Association, or any other relevant persons to the industry for assistance in decision-making.

Yes, other firms taking over sick units for rehabilitation are also eligible for assistance under this scheme.

Sick industrial enterprises meeting the criteria must apply to the Director of Industries for rehabilitation in the prescribed form. The application will be reviewed by a Committee constituted for the Rehabilitation of Sick Enterprises.

Sick enterprises can avail a subsidy of 50% on the cost of diagnostic studies, reimbursement of fees for engaging experts in technology, marketing, and finance, as well as an interest subsidy of 5% per annum for three years on additional finance disbursed for rehabilitation.

Sickness within the scheme refers to various criteria including a continuous decline in gross output over two financial years, delayed repayment of loans, and erosion in net worth due to accumulated losses.

The scheme is officially titled "Motivation of Entrepreneurs and Financial Assistance for Rehabilitation of Sick Industries" and has been in operation since April 1, 2017.

Funds are disbursed through the respective financial institutions or banks, with the interest subsidy being paid directly to the financial institution based on the claim submitted by the enterprise.

No, sick enterprises must apply to the Director of Industries for rehabilitation, and the application will be processed through the Committee for Rehabilitation of Sick Enterprises.

No, only Micro, Small, and Medium Enterprises (MSMEs) are eligible for assistance under this scheme.

The interest subsidy of 5% per annum is provided for three years on additional finance disbursed for rehabilitation purposes.