Among the 39 scheduled commercial banks who have reported to have complied with the requirement of setting up of a non-discretionary One Time Settlement scheme for recovery of non-performing loans, 30 banks have indicated to have placed the policy on their respective banks’ websites.
The Working Group has also recommended to the GOI for creation of several Funds by the Government such as a) National Equity Fund, b) Fund for Technology Upgradation, c) Marketing development Fund, d) Rehabilitation Fund, e) Venture capital/mezzanine finance to encourage the entrepreneurs to innovate new ideas, etc. 11.