Recruiter

India SME Asset Reconstruction Company Limited

India SME Asset Reconstruction Company Limited

About

ISARC is the country’s first ARC supported by a large number of public sector banks and undertakings. It will strive for speedier resolution of NPAs with a focus on the MSME sector. ISARC endeavours to unlock the idle NPA assets for productive purposes which would facilitate the greater and easier flow of credit from the banking sector to the MSMEs. Asset Reconstruction Companies(ARCs) are established under the SARFAESI Act, 2002 as specialized entities for NPA resolution.
SIDBI is the Apex Financial Institution for MSME sector and has taken a number of proactive measures for the MSME sector including setting up subsidiaries/associate concerns providing support services like providing of Venture Capital, Credit Guarantee, Rating, Technology Services, etc. which have immensely benefited the sector. Recognizing the need for an ARC for the MSME segment, SIDBI has thus taken the lead to promote India SME Asset Reconstruction Company Ltd. (ISARC).
Website: https://isarc.in/
Industry: Finance & Insurance

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