NPAs OF STEEL PSUs

Central Public Sector Enterprises,

The Minister of State for Steel Shri Vishnu Deo Sai  has informed that as per National Steel Policy, 2017 Indian steel industry contributes approximately 2 percent to the country’s Gross Domestic Product (GDP).The share of Gross Non-Performing Assets (GNPA) for Iron and Steel in Basic Metal and Metal Product category as on 30.09.2017 is 23.70 percent for public sector banks.

The benefit of RBI schemes namely 5/25 scheme and Scheme for Sustainable Structuring of Stressed Assets (S4A) for restructuring of debts of stressed companies can be availed by Steel Companies.

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